Munich RE and Allianz say they will not extend insurance for the blown up Russian pipeline German insurance firm Munich RE will not be covering Russia’s Nord Stream 1 natural gas pipeline after the current contract expires later this year, the company’s spokesperson told Reuters on Thursday, without elaborating further. The statement came after fellow insurer Allianz, which is also a part of a consortium of the pipeline’s underwriters, said it did not plan to renew the policy for the project. Both announcements were made after media reports emerged this week claiming that the companies did intend to continue insur
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