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Pool Re reviews non-damage business interruption insurance cover

Posted On: Oct. 12, 2021 9:44 AM CST


The U.K. government-backed terrorism reinsurer Pool Reinsurance Co. Ltd. is reviewing its non-physical-damage business interruption coverage, as COVID-19 drives significant changes in the commercial insurance market, Commercial Risk reported. Stephen Coates, CEO of Pool Re, said that the pandemic and resulting BI losses have prompted property insurers to exclude infectious disease cover from their policies, compelling Pool Re to reconsider its NDBI product.