Munich Re stops selling pandemic business cover

Germany-based Munich Reinsurance Co. has stopped selling pandemic business cover after it took a €1.5 billion ($1.8 billion) hit in the first half of the year due to the COVID-19 pandemic, Verdict reports. Torsten Jeworrek, reinsurance head at Munich Re, said that the reinsurer is currently examining whether to include pandemic protection in property/casualty insurance in the future.

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