Exclusionary language around Covid-19 likely to be 'omnipresent' following 1/1 reinsurance renewals
Reinsurers sought to “tidy up” contracts during January’s renewal season, sometimes to the detriment of possible rate increases, raising questions for insurers as to how to cover excluded risks.
Matt Fitzgerald, managing partner for US property, casualty and specialty at broker Gallagher Re, said that exclusionary language around communicable disease and cyber had become “almost omnipresent
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