Munich Re announces buybacks even after saying it expects $1.2 billion in claims from California fires - MarketWatch
1. Munich Re's shares rose 5% after profit guidance and shareholder returns. 2. The company expects €6 billion profit in 2025, steady from previous forecasts. 3. Plans to return €4.6 billion to shareholders, including a 33% dividend increase. 4. Anticipated losses from wildfires increase, but remain manageable per latest estimates. 5. Weather events caused significant industry losses, impacting insurance markets globally.