German Insurance Companies Renew Nord Stream 1 Coverage

Two German insurance majors have renewed their cover on the Nord Stream 1 pipeline that was sabotaged last summer and has been out of commission since then. According to Reuters sources, the cover renewal could mean that a return to commission of the infrastructure is a possibility for Germany. Allianz and Munich Re renewed their insurance cover of the pipeline to no opposition from the German government, Reuters reported citing the unnamed sources. Such cover is important for the long-term prospects of such infrastructure, Reuters noted, but also…