Ukraine hit of EUR100mn is mainly IBNR: Munich Re
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Ukraine hit of EUR100mn is mainly IBNR: Munich Re

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CFO Christoph Jurecka

The EUR100mn ($105mn) Munich Re has reserved for Ukraine losses for Q1 is mainly on an incurred-but-not-reported (IBNR) basis, with the ultimate loss from the conflict highly uncertain, the carrier’s CFO has said.

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