Munich Re Loses E859M in 3Q, Positive for 2002

Press release highlights:- Munich Re Group set to maintain profitable growth in 2003 / Continued upswing in reinsurance business / Need for even greater account to be taken of increased catastrophe potential in the treaties in future-First nine months of 2002: Despite loss in third quarter, high profit achieved owing to positive net balance of realized capital gains, additional reserving for US business, and writedowns on investments- For the year 2002 as a whole, prospect of allocation to reserves and unchanged dividend Demand on the international reinsurance market - already high - has rise...