Bloomberg News

Munich Re Confirms Full-Year Profit Forecast, Finance Chief Says

October 17, 2011

Oct. 17 (Bloomberg) -- Munich Re aims for a full-year profit, Chief Financial Officer Joerg Schneider said at a conference in Berlin today, reiterating the company’s forecast.

The reinsurer would like to keep its dividend “stable” for the current year, Schneider said, adding that it is still too early to give a forecast. Munich Re will book a further writedown on its Greek bond holdings in the third quarter, he added.

--Editor: Mariajose Vera

To contact the reporter on this story: Oliver Suess in Munich at osuess@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net


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