Munich Re profits likely to suffer as a result of 2017 hurricanes

October 31, 2017October 29, 2017 Marc

Munich Re profits - Thunderstorm Rolling in

Harvey, Irma and Maria will take their tolls on the insurance and reinsurance giant. One of the largest insurers in the world has stated that hurricanes would cause it to suffer a loss as Munich Re profits prove inadequate. The company said its 2017 third quarter would record a loss as a result of Hurricanes Harvey, Irma and Maria. The insurer predicts that the hurricanes would cost $3.1 billion in its covered insured damages. These damages occurred in the United States and the Caribbean and the size of the losses…

Insurance news from Berkshire reveals 51 percent profit increase

May 6, 2013May 4, 2013 G. Turner

The company has just released its profit statements for its investments within this industry. Berkshire Hathaway has just announced its latest insurance news, saying that its net income rose to reach $4.89 billion, which translates to $2,977 per share, in a statement that it has released. This is a massive increase over a year earlier at $3.25 billion, which was $1,966 per share. The company, based in Omaha, Nebraska, said that this insurance news also includes its $2,302 per share operating profit, which does not include some of its investment…