Munich Re Sees 2016 Profit of 2.3 Billion Euros

Munich Re, the world’s second-biggest reinsurer, cut its full-year profit target to 2.3 billion euros ($2.6 billion) from a previous range of 2.3 billion euros to 2.8 billion euros after a drop in first-quarter earnings. Net income declined to 430 million euros in the quarter from 790 million euros a year ago, the Munich-based company said in a statement on Tuesday. Chief Finance Officer Joerg Schneider joined Bloomberg's Anna Edwards in London on "Countdown."

Full Show: Bloomberg Technology (08/22)
55:58 - Guests include: Ben Brabyn, head of Level39, Ali Ghodsi, Databricks CEO, and Tim Chen, NerdWallet CEO. (Source: Bloomberg)
  • SAP's Russell Sees Strong Growth in India, Japan
  • The Key Takeaways From Salesforce's Earnings
  • India Is Poised for a Record Year of IPOs