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Munich Re posts large Q3 loss as natural catastrophes weigh

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Munich Re posts large Q3 loss as natural catastrophes weigh

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FRANKFURT (Reuters) – German reinsurance giant Munich Re <MUVGn.DE> posted a net loss of 1.4 billion euros (1.24 billion pounds) in the third quarter after a spate of major costly natural catastrophes in North America. The reinsurer warned last month that it would record a loss of that magnitude.

(Reporting by Tom Sims; Editing by Maria Sheahan)
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