Industry ‘missed’ aggregation of event cancellation risk: Alleghany’s Brandon
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Industry ‘missed’ aggregation of event cancellation risk: Alleghany’s Brandon

Alleghany logo with J Brandon.jpg

Alleghany president Joe Brandon hit out on the industry’s assessment of event cancellation risk ahead of the pandemic, saying that the industry “missed” contemplating the potential scale and dispersion of losses.

The executive said during a fireside chat on Thursday at the annual S&P Global Ratings Insurance Conference that the scope and aggregation of major event cancellation losses had, in his view, been one of the pandemic’s big takeaways.


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