German insurer Munich Re held orgy for salesmen

[Foxy Brown]

One of the biggest insurance companies in the world held a party for salesmen where they were rewarded with the services of prostitutes.

Munich Re is the world's biggest re-insurer - in other words, the company acts as an insurance company for other insurance companies.

One of its divisions, Ergo, told the BBC that the party had taken place to reward salesmen in 2007.

A spokesman said the people who organised it had since left.

The gathering was held at a thermal baths in the Hungarian capital Budapest as a reward to particularly successful salesmen.