Munich Re to No Longer Cover Events Cancelled for Pandemics

Hundreds of empty seats in a large auditorium.

German reinsurance group Munich Re will no longer insure against events cancelled due to pandemics, a board member said on Tuesday. The world’s largest resinsurer is making the change after it faced large losses this year in the wake of the coronavirus crisis. Torsten Jeworrek, who oversees the reinsurance segment, said that Munich Re would… Continue reading Munich Re to No Longer Cover Events Cancelled for Pandemics