FRANKFURT (Reuters) – German group Munich Re missed expectations for quarterly profit, as Europe's debt market storm, including more writedowns on Greek bonds, buffeted investment income.
The world's biggest reinsurer said on Tuesday it still expected to post a full-year profit and aimed to keep its dividend at 6.25 euros.
“Our result was certainly affected by the capital-market and currency turbulence,” chief financial ffficer Joerg Schneider said.
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