The series of severe storms and weather events in the United States, the Caribbean and Europe is weighing on German reinsurer Munich Re but will not jeopardize profit targets for this year, the company said on Tuesday. At €900 million ($975 million), net profit in the third quarter will be around half a billion euros lower than analysts had expected. The costliest natural catastrophe in the third quarter was Hurricane Helene, which hit the south-eastern US in September. According to preliminary figures, Hurricane Helene will cost Munich Re around €500 million. Munich Re is also expecting a “si…