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Munich Re 2020 profit plunges 55% as pandemic takes toll

Pandemic-related claims alone amounted to more than 3.4 billion euros.
“In spite of the tremendous challenges posed by COVID-19, Munich Re closed out 2020 with a clear profit,” Chief Executive Joachim Wenning said.

Damage to United Boeing 777 engine consistent with metal fatigue: NTSB

The focus is more on engine maker Pratt & Whitney and analysts expect little financial impact on Boeing, but the PW4000 issues are a fresh headache for the planemaker as it recovers from the far more serious 737 MAX crisis. Boeing’s flagship narrowbody jet was grounded for nearly two years after two deadly crashes.

Aviva sells French business to Macif’s Aéma Groupe for $3.9 billion

Aviva France has 3 million customers and 7.8 billion euros in revenue. It covers life insurance, property and casualty and asset management markets in France.
The sale is central to Blanc’s turnaround plan aimed at shifting the insurer’s focus to core operations in Britain, Canada and Ireland after prolonged share price weakness has irked investors.

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