The world’s largest reinsurance company, Munich Re, believes that risk management associated with the primary insurance and reinsurance sectors needs to be “completely rethought”, following the terrorist attacks in the US last week. The German reinsurer, which today doubled its previous loss-before tax burden to Eur2.1 billion, said the attacks have revealed a “previously unimaginable risk potential”.
Source: Risk magazine | 20 Sep 2001
Categories: Risk Management
Topics: Munich Re