Munich Re drops by 9% following Q1 warning

Munich Re shares traded down 5.3 percent today (28 April) to
EUR164.8 from yesterday's closing price of EUR174, as investors
continued to digest the company's warning on Q1 earnings.
The reinsurer's stock is now off 9.3 percent from
Tuesday's (26 April) closing price of EUR181 prior to the
profits warning from CEO Nikolaus von Bomhard.
The executive warned attendees at the reinsurer's annual
general meeting (AGM) yesterday that first quarter profits would be
"well below" its expectations.
The ca