NU Online News Service, Aug. 4, 3:32 p.m. EDT
Munich Re reported that 2010 first-half net income rose 6 percent on the strength of investment income that rose 43 percent, but the Munich, Germany-based insurer warned that claims losses may cause challenges going forward.
The company reported that net income for the 2010 first half rose EUR60 million ($79 million at the current exchange rate) to EUR1.2 billion ($1.6 billion).
The results were aided by a EUR5.1 billion ($6.7 billion) improvement in the company's investment results on a year-over-year basis.
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