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Munich Re pulls out of Iran

18 February 2010

Munich Re, the world’s largest reinsurer will no longer conduct business in Iran.

Read more: Munich Re Iran

Munich Re, the world’s largest reinsurer will no longer conduct business in Iran.

Munich Re cited...
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Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

Less than $3bn
0%
$3bn-$4bn
43%
$4bn-$5bn
29%
$5bn-$6bn
14%
$6bn-$7bn
14%
More than $7bn
0%

Quote

Japan was a wake-up call [about contingent business interruption]. It is a ticking bomb and one day there will be a very huge loss.

Victor Peignet, Scor’s head of global property/casualty reinsurance


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