Magazine date:
Apr 2008 In anticipation of a major risk of a world pandemic, the reinsurer Munich Re has announced its intention to invest on its first phase the sum of 100 million USD out of the 1,5 billion sums allocated to its program “Transfer of an extreme mortality risk on equity capital”. Being the first move of its kind, this guarantee fund is designed to cover the reinsurer in case of a serious pandemic that might hit the United States, Canada, United Kingdom and Germany. The investment has been underwritten at a company in the Cayman Islands, Nathan Ltd.