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News Roundup: European Interest Rates, Natural Catastrophes and Piracy

Low interest rates "an enormous stress"

The current European economic climate, created by efforts to try to stimulate economic growth and rescue an ailing banking sector, is placing the insurance industry under "enormous stress". This according to Nikolaus von Bomhard, Chief Executive of Munich Re, one of the world's largest investors with a portfolio of more than €200 billion (US$245…

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