CinFin says reinsurers will “follow fortunes” over Covid-19 stance on $800mn cat tower

Lloyd's-building-top-Cincinnati

Reinsurers led by Lloyd’s syndicates including Axa XL and Liberty on the $800mn property cat tower of Cincinnati Financial will follow its fortunes in any physical damage business insurance (BI) battle after the US insurer confirmed that the programme doesn’t have a virus exclusion.

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