Changes in reinsurance terms and conditions, notably the exclusion of pandemic cover in new and renewing contracts, will be a key feature of discussions as January 1 renewal negotiations come to a close in the coming days.
These insights are part of a video conversation with The Insurer covering reinsurer and broker perspectives on renewals. Lara Mowery, Global Head of Distribution at Guy Carpenter, discusses the ongoing uncertainty surrounding how COVID-19 losses may impact treaties. Lara also reviews a Guy Carpenter analysis of the wording across all mid-year renewals, which found that non-concurrencies in communicable disease exclusions are pervasive.
