Munich Re Stops Selling Pandemic Business Coverage After Losses
- Reinsurer is examining whether to offer such contracts again
- Firm should take most Covid-19 losses this year, Jeworrek says
Lloyd’s of London estimated in May that the insurance industry will suffer about $203 billion in losses related to coronavirus this year.
Photographer: Paul Hanna/BloombergThis article is for subscribers only.
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Munich Re has stopped selling coverage to protect against business losses in future pandemics after the German reinsurer took a 1.5 billion-euro ($1.8 billion) virus-related hit in the first half.