One of world largest and leading reinsurers, Munich Qe revealed a definite climb to profits in its third quarter report recently made public, on the back of strong investments and lower claims due to natural catastrophes.

Although the reported net profit for the July-September period for the year, which stood at 644 Million Euros ($950 Million), was below the estimate made by analysts polled by Reuters, which was pegged at $700 Million Euros, it was a definite improvement from the last year's loss reported for the same period.

"Munich Re expects a group profit of between 2.2 billion and 2.5 billion Euros for 2009 -- at least 700 million more than in 2008", said the company in a statement issued.

The profit figures have led the company to raise its expectations for the coming quarter and year.