Munich Re sees Q3 loss after Harvey, Irma

Munich Re said claims from Harvey and Irma meant the carrier
would probably post a loss in the third quarter and could miss its
2017 profit guidance of EUR2bn to EUR2.4bn ($2.4bn to $2.9bn).
"After Hurricane Harvey caused significant damage in Texas
and adjacent states at the end of August, there has now been
another devastating storm in the form of Hurricane Irma. It caused
extensive damage on islands in the Caribbean, and also in
Florida," the carrier said. "These...