NU Online News Service, Oct. 17, 11:33 a.m. EDT
BERLIN, Oct. 17 (Reuters)—Munich Re expects further writedowns on its holdings of Greek sovereign bonds in the third quarter, its chief financial officer said on Monday.
“We are continuing to mark to market,” Joerg Schneider said on the margins of an insurance conference, adding that its third quarter Greek writedowns would be less than those in the second quarter.
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