Munich Re sets up insurance framework for hyperloop transport firm

Munich Reinsurance Co. has partnered with U.S.-based Hyperloop Transportation Technologies Inc. to set up an insurance framework for its worldwide operations, Trade Arabia reported. Claudia Hasse, head of special enterprise risks at Munich Re, said that the reinsurer will cover Hyperloop Transportation's commercial projects across the world. Ms. Hasse said that the reinsurer is also working with the company to include its services into HyperloopTT's technology license.

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