Munich Re takes hard line on narrower cyber war exclusions which ‘undermine progress’
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Munich Re takes hard line on narrower cyber war exclusions which ‘undermine progress’

Catrin Shi, 
Adam McNestrie
May 19, 2023
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Munich Re has expressed concern over recent examples of narrower cyber war exclusions in use in the market, and warned it will take the “necessary steps” to ensure that any risk it takes on from cedants will be in line with its own appetite.

In a late April missive to clients from the board of Munich Re, seen by this publication, the reinsurer said it has always taken the view that “clear and transparent” cyber war exclusions are one of the “key cornerstones...

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Catrin Shi
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