Munich Re said it was conducting a full scale investigation to look into the 100-person sex party that took place in Budapest in 2007. However, the German insurance giant ... said it could not be sure it was the only "incident" of its type at that time.
Twenty escorts were hired for the event and required to wear colour-coded armbands.
Red for hostesses that were available for flirting but who did not perform sex acts.
Yellow armbands were given to women who ... took men to four-poster beds at the Budapest spa to "do whatever they liked", fulfilling their "every wish".
A select few at the orgy wore white arm brands to signify they were available only to executives and top salesmen.
In a bizarre example of German efficiency, the executives are reported to have insisted the women have their forearms stamped to indicate how many sex acts they had performed that night with the group.
Since 1973, Munich Re has devoted intense work to the issue of climate change and the consequences of global warming.
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