Munich Re secures cyber war exclusions at 1.1 as wording tension dissipates
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Munich Re secures cyber war exclusions at 1.1 as wording tension dissipates

Munich Re logo Munich Germany.jpg

Munich Re has succeeded in implementing cyber war exclusions on major reinsurance programmes in the 1 January renewals, this publication has learned, potentially signalling an end to the year-long discussions and disagreements over war wordings in the segment.

Sources told this publication that the leading cyber reinsurer secured exclusions across both North American and global clients.

It is understood that the situation has been nuanced, with some reinsurers following and others straying from Munich Re's path.

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