Munich Re reviewing P&C reinsurance revenue outlook, Boersen-Zeitung newspaper reports

BERLIN, July 21 (Reuters) - Munich Re is reassessing its revenue outlook for its property and casualty reinsurance business as softer market conditions weigh on growth prospects, Germany's Boersen-Zeitung newspaper reported on Tuesday, citing Chief Financial Officer Andrew Buchanan.

The German reinsurer had said in May that achieving its 2026 revenue target of €40 billion ($46.7 billion) for the division had become more challenging.

Buchanan told the paper in an interview that the factors behind that assessment had not disappeared.

"As part of our work on the half-year financial statements, we will take a very close look at the business in the pipeline for the third and fourth quarters," he said, according to the paper.

"That will determine the guidance we give to the market."

By contrast, Munich Re's life and health reinsurance business was broadly on track in terms of revenue, the newspaper reported.

Munich Re is due to report first-half results in August.

(Writing by Miranda Murray; Editing by Christian Schmollinger)