FILE - In this March 14, 2006 file photo the sculpture "Man Walking" by U.S. artist Jonathan Borofsky stands in front of the headquarters of Munich Re AG, the world's largest reinsurer by gross ... more 
FILE - In this March 14, 2006 file photo the sculpture "Man Walking" by U.S. artist Jonathan Borofsky stands in front of the headquarters of Munich Re AG, the world's largest reinsurer by gross premiums, in Munich, southern Germany. Munich Re said it lost nearly 1 billion Euros (US $1.45 billion) in the first quarter after natural disasters in Japan, New Zealand and Australia took their toll. The firm said Monday, May 9, 2011, that it lost 948 million in the first quarter, compared with a profit of 485 million Euros (US $697.6 million) in the same quarter last year. less 
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Associated Press | Photo By Diether Endlicher, file
Mon, May 9, 2011 6:08 AM EDT