Reinsurance Aggregation and COVID-19 Losses

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Insurers are paying COVID-19-related claims on all sorts of insurance policies, including workers’ compensation, directors and officers, general liability, event and travel cancellation, production stop loss, accident and health and many others. While the focus of attention is on business interruption, those are not the losses being paid on a daily basis.

In my latest Reinsurance Commentary for, I discuss the issue of whether insurance companies that pay individual losses related to COVID-19 will be able to aggregate those individual losses as a single loss occurrence for reinsurance purposes under catastrophic or excess-of-loss reinsurance contracts that allow for aggregation.

You can view my Commentary here.

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