Reinsurance is pivotal to keeping insurers going in the wake of such as major insurable disasters as hurricanes and wildfires. This is where insurance professionals will find the information they need about the state of the insurance industry, managing risks, and how to navigate the most impactful events of our time.
Munich Re reported its fourth-quarter 2010 profit was down 63 percent from the previous year’s fourth quarter, while profit for the year was down 5 percent despite major losses during the fourth quarter.
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