PROFIT JUMPS: Reinsurer Munich Re said second-quarter net income rose 10 percent to 812 million euros ($1.0 billion). The company, which provides backup insurance for primary insurers so they can cover claims, benefitted from fewer claims due to natural disasters during the period.

GREEK DEBT: Munich Re also did not have to write down Greek government bonds during the quarter, as it did last year. The company reduced its investment risk by shifting some holdings to safer investments such as U.S. Treasuries and German government bonds.