Jetty uses Munich Re's Digital Partners arm to reinsure its policies or purchase the underlying policies that Jetty is writing. In an email sent last Monday evening to Jetty's landlord customers, who offer security deposit insurance and pet insurance to prospective renters, the company announced that Munich Re and Jetty are pausing sales of all new policies.
"It is common in times of uncertainty and unprecedented situations for insurance companies to temporarily pause new policy sales," Andrew Rear, chief executive of Munich Re's Digital Partners, said in a statement to Business Insider. "These are unprecedented times. However, we have been working tirelessly with our partners at Jetty to seek a way to underwrite this evolving risk and expect to resume new policy sales in the near future.
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