Munich Re drops after cutting insurance revenue, renewal forecast
08/08/2025 08:30
** Shares in Munich Re MUVGn.DE fall around 7% after the German reinsurer cut its full-year outlook for insurance revenue and renewals, citing currency challenges ** The company reported a "meaningful" second-quarter miss in its Life & Health Reinsurance segment, falling 16.7% below its own consensus estimate, Jefferies analysts note ** If losses hold, Munich Re's shares will see their biggest one-day fall since April 2020 ** Peers Hannover Re HNRGn.DE, Swiss Re SRENH.S slip between around 2% and 3% (Reporting by Maria Rugamer) ((Maria.Rugamer@thomsonreuters.com))
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