Munich Re eyes €3bn year-end profit

German reinsurance giant Munich Re yesterday said it expects to make €3bn (£2.64bn) in 2013, while raising the prospect of a potential share buy-back. This is slightly down on 2012’s earnings of €3.2bn, a year boosted by an absence of major natural catastrophes and hefty premium increases. The company said it expected reinsurance premiums to remain stable during this year.