0 minute readMunich Re, the world’s biggest reinsurer, plans to resume its share buyback after posting a first-quarter profit that beat estimates. The shares fell as the company signaled it may be harder to reach a full-year target. Munich Re will purchase as much as €1bn ($1.27bn) of its own stock by the 2011 annual shareholders’ meeting scheduled for April 20, 2011, it said in a statement today. First-quarter net income rose 11% to €482m, the Munich-based company said separately. The full-year profit forecast, which the reinsurer reiterated last month, has become “increasingly ambitious” following a number of claims from natural disasters.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
Most Popular Articles
Latest Articles
What a 50-year-old letter says about accountability in homebuilding
Exactly 50 years ago this time of year, a 51-year-old man handwrote a four-page letter on a legal pad to his then 21-year-old son, one of seven children – six of them sons and one angel of a daughter – who was spending a semester studying in Dublin, Ireland. The letter’s narrative arc, now mostly […]
-
Four rules for underwriting secondary Texas markets in a slower cycle
-
ICE executives detail AI cybersecurity efforts through Project Glasswing
-
Home flipping slowed in early 2026 but investors saw returns tick up
-
Aging in place is reshaping housing demand — and most homes aren’t ready
-
Retirement plan participation reaches record high, but financial pressures persist
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
