Reinsurers demand greater decision-making powers as wreck removal costs soar
Munich Re is calling for reinsurers to have more say in decisions relating to marine salvage and wreck-removal operations against the backdrop of increased politicisation and escalating costs surrounding the Costa Concordia cruise liner wreck.
Dieter Berg, Munich Re senior executive manager for marine, said: "In the recent past, political considerations resulting in disproportionate operational requirements have developed into the key
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