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Munich Re expects Texas cold wave claims in hundreds of millions of euros

Munich Re expects Texas cold wave claims in hundreds of millions of euros

· 03/17/2021 03:41
Munich Re expects Texas cold wave claims in hundreds of millions of euros

- The German reinsurer Munich Re MUVGn.DE said on Wednesday that it expects to incur claims in the hundreds of millions of euros from a cold wave that hit Texas last month.

"Munich Re currently expects claims expenditure in the mid triple-digit million euro range," the company said in its annual report.


(Reporting by Tom Sims)

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