The unexpected could drive Covid industry loss higher: Johansmeyer, ILS NYC 2021 - Artemis.bm

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• Uesugi S

  金融と韓流の向こう側

  ・2021年02月12日

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  Areas of the market such as event cancellation have already and will likely continue to suffer additional, sizeable losses as a result of the pandemic. But for other lines of business, such as D&O and some of the trade credit and surety transactions out there, Johansmeyer stressed that uncertainty is rife and that losses could become pretty substantial.
  
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  Adding, “So, the variables are all over the place for the big numbers. Contingency business and event, kind of on and off, right. The Olympics were seen as a total loss, then they weren’t. Japan said they would go forward without a vaccine, now that seems to be up for discussion again as well.