May 9, 2011 – FRANKFURT (Reuters) - Munich Re <MUVGn.DE> posted a smaller-than-expected net loss in the first quarter after being battered by earthquakes in Japan and New Zealand.
Continue Reading Below
The quarterly net loss was 947 million euros ($1.4 billion), world's biggest reinsurer said in a statement on Monday.
This compares with an expected net loss of 1.06 billion euros that was the average of 10 estimates in a Reuters poll of banks and brokerages.
(Reporting by Jonathan Gould)