German insurance giant Munich Re reported a rise in profits in the first quarter of this year on Wednesday. The group has also reaffirmed its outlook for annual earnings in the current year. Christoph Jurecka, chief financial officer of Munich Re, said: “Munich Re kicked off the new financial year with great momentum. Our Q1 net result this year is nearly 70% higher than in 2023. Every line of business played a role in this impressive performance.” “In addition, we got a boost from the treaty renewals at April 1, where we tapped into attractive growth opportunities against a backdrop of contin…