The range of risks covered in a global programme is expanding all the time, as new and emerging risks appear. At the same time, traditional covers face considerable challenges, particularly with the current hard market. Capacity issues, increasing rates and tighter terms and conditions mean that buyers need to look to be more creative with retentions, greater use of captives and considering ART solutions.
Some lines are particularly stressed such as D&O and cyber, while others such as business interruption have seen restrictions. Global programmes are about ensuring a level of uniformity of coverage, avoiding gaps and getting the best terms and conditions.
This year’s virtual conference took place over three days and we welcomed nearly 800 delegates and speakers to the event. Many thanks to all who participated and we look forward to seeing you next year!