Munich Re faces $1.3 billion in claims from Los Angeles inferno [Yahoo! Finance Canada]
MUENCHENER RE GP UNSP/ADR (MURGY)
NASDAQ:AMEX Investor Relations:
ir.kiterealty.com
Company Research
Source: Yahoo! Finance Canada
The wildfires killed more than two dozen people and destroyed or damaged more than 16,000 structures, charring an area bigger than Paris. "They were clearly the most substantial wildfire losses in the history of the insurance industry," Munich Re said. Munich Re, the world's largest reinsurer, said that its estimate was a high degree of uncertainty because the losses were complex. Analysts have estimated insurance claims across the industry could total $45 billion. Hannover Re, another German reinsurer, has said that it could face claims claims amounting to 700 million euros. Fitch, the credit ratings company, has said that European insurers had reduced exposure to California after a spate of fires in 2017 and 2018 but would still be "materially affected" by the 2025 fires because of their scale. Munich Re provided the estimate as part of its fourth-quarter earnings report, which showed a 2.5% fall in net profit, slightly worse than analysts had expected. Fourth-quarter n
Show less
Read more
Impact Snapshot
Event Time:
MURGY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MURGY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MURGY alerts
High impacting MUENCHENER RE GP UNSP/ADR news events
Weekly update
A roundup of the hottest topics
MURGY
News
- AI, cyber, and climate change will be the key insurance themes in 2026 [Yahoo! Finance]Yahoo! Finance
- Munich Re Specialty Announces Leadership Transitions at HSB and American ModernBusiness Wire
- Epson Tour releases 2026 schedule with 19 events [USA TODAY]USA TODAY
- Germany's Munich Re to cut costs but no job losses planned [Yahoo! Finance]Yahoo! Finance
- Munich Re targets $7.33bn IFRS net profit for 2026 [Yahoo! Finance]Yahoo! Finance