The reinsurer warned last month that it would record a loss of that magnitude.
(Reporting by Tom Sims; Editing by Maria Sheahan)
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03/05 | AXA: termination of a sale agreement in Germany | CF |
03/05 | AXA, Munich Re Subsidiaries Sign Reinsurance Agreement | MT |
FRANKFURT (Reuters) - German reinsurance giant Munich Re posted a net loss of 1.4 billion euros (1.24 billion pounds) in the third quarter after a spate of major costly natural catastrophes in North America.
The reinsurer warned last month that it would record a loss of that magnitude.
(Reporting by Tom Sims; Editing by Maria Sheahan)
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