Munich Re expects to hit 2017 profit target

Munich Re expects to meet an "ambitious" target of
containing a profit decline this year to as little as 7 percent and
no more than about 22 percent.
Speaking to shareholders at the reinsurer's annual general
meeting, outgoing CEO Nikolaus von Bomhard reiterated that the
company aims to achieve profit of EUR2.0bn to EUR2.4bn ($2.18bn to
$2.61bn) in 2017.
Last year the company's profit was EUR2.58bn, down more than
17 percent from 2015.
Von Bomhard said the 2017 target range...