Bloomberg News

Munich Re Says Olympics Cancellation to Cost Billions, FAZ Says

July 16, 2012

Munich Re estimates costs of at least more than 4 billion euros ($4.9 billion) if the London Olympics have to be canceled, for example because of a major terror attack, Frankfurter Allgemeine Zeitung said today, citing Andrew Duxbury, head of big events at Munich Re’s London office.

To contact the reporter on this story: Niklas Magnusson in Hamburg at

To contact the editor responsible for this story: Angela Cullen at

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