Munich Re subpoenaed

Californian insurance regulator Chuck Quackenbush has subpoenaed Munich Re officials to appear before a hearing on 20 March that will investigate the German reinsurer’s efforts to resolve unpaid Holocaust-era insurance claims. Mr Quackenbush said the hearing was “the result of continued obfuscation and deliberate foot-dragging on the part of Munich Re. Their refusal to give the department complete and unfettered access to their policyholder lists is unacceptable.’’