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Focus on policy exclusions delayed January renewals

Market conditions


James Vickers, chairman at Willis Re International, said that the challenges around policy exclusions, especially for the pandemic disease and cyber risks, delayed the January 2021 reinsurance renewals, Reinsurance News reported. Although the renewal negotiations started early, the COVID-19 pandemic-triggered financial market volatility, losses across different insurance and reinsurance lines, and the legislative actions around the business interruption claims compounded the challenges.

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