Munich Re looks to capital markets to cover cyber risks

Munich Reinsurance Co. is looking to partner with the alternative capital markets to provide capacity for covering cyber risks, Artemis.bm reports. Torsten Jeworrek, board member for reinsurance at Munich Re, said that cyber risks are one of the biggest threats to the networked economy and even large reinsurers do not have sufficient capacity to absorb the risks. Stefan Golling, Munich Re's head of corporate underwriting, said that the capital markets could provide additional capacity and help insurers and reinsurers to adequately assess and price the risk.

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