PC360-NU: Have the natural catastrophes of the past few years impacted Zurich’s appetite for limits or the way you underwrite Contingent Business Interruption coverage? 

Conrad: It has impacted the CBI market, not only for Zurich but for all insurers. The drive came from our reinsurers who said, “We’ll give you 18 months to start getting more transparency into locations, or else we won’t be giving you blanket limits anymore.” So it’s not just Zurich, it’s the whole market. We needed to gather more information.

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