Munich Re Expects Damage Claims From Beirut Explosion
August 06 2020 - 5:05AM
Dow Jones News
By Sarah Sloat
German reinsurer Munich Re AG said Thursday that it expects the
large explosion that took place in Beirut this week to result in
significant insurance claims for the company.
Munich Re can't estimate now how large such claims might be,
Chief Financial Officer Vanessa Pitt said on a conference call on
second-quarter earnings.
The explosion at Beirut's port on Tuesday killed over 100 people
and caused billions of dollars in damages.
Write to Sarah Sloat at sarah.sloat@wsj.com
(END) Dow Jones Newswires
August 06, 2020 04:50 ET (08:50 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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