Cyclones and other disasters have cost Munich Re, the world’s largest reinsurer, more than twice as much in the third quarter compared to the same period a year ago. Major losses in reinsurance amounted to €1.6 billion ($1.72 billion), the DAX-listed company announced on Thursday from its headquarters in the southern German city of Munich. The most expensive event was Hurricane Helene in the United States, which accounted for €500 million. For the fourth quarter, the management board anticipates further significant losses from Hurricane Milton, although no figure has yet been disclosed. Despit…