COVID-19 is accelerating market hardening: Scor
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Jean-Paul Conoscente, chief executive of French reinsurer Scor Global P&C SE, said that the COVID-19 pandemic is accelerating the hardening of the reinsurance market, Artemis reported. Trends that had begun last year are being fueled by potential pandemic-related claims. Mr. Conoscente expects collateral to be trapped as reinsurers and cedants try to grapple with the exposure of their policies to the COVID-19 crisis.
