Munich Re sees Q3 profit of about 200 million euros

Credit: REUTERS/MICHAELA REHLE

Munich Re said on Tuesday that it anticipates a sharp drop in third-quarter profit amid claims related to the coronavirus outbreak and other disasters.

FRANKFURT, Oct 20 (Reuters) - Munich Re MUVGn.DE said on Tuesday that it anticipates a sharp drop in third-quarter profit amid claims related to the coronavirus outbreak and other disasters.

The German reinsurer said it expects profit of about 200 million euros ($236 million) in the period, down from 865 million euros a year ago.

($1 = 0.8462 euros)

(Reporting by Tom Sims Editing by Ludwig Burger)

((Tom.Sims@thomsonreuters.com; +49 30 220 133 645;))

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