Reinsurers would take brunt of COVID-19 second wave

Posted On: Nov. 27, 2020 9:20 AM CST

Analysts at U.K.-based investment banking firm Barclays PLC said that reinsurers would take the brunt of claims from a second wave of COVID-19 pandemic in Europe, Artemis reported. Strong contract wording and exclusions around pandemic risks applied since April renewals are expected to reduce the impact on primary insurers by 50%.