Major reinsurer Munich Re has announced first-quarter profits up more than four-fold on asset sales, a rise it attributes to raising prices after the World Trade Centre (WTC) attacks.
Net income rose to €4.5bn (£2.8bn) from €805m (£509m) in the same period a year earlier. Excluding the gains, net income was €700m (£442m), the company announced at a press conference today.
