It’s not that these risks are new; it’s that they’re coming at you at a volume and rate you never imagined before.
Underwriters have plenty to worry about, but there is one word that perhaps rattles them more than any other word. That word is aggregation.
Aggregation, in the transferred or covered risk usage, represents the multiplying potential of a risk. For examples, we can look back to the asbestos claims that did so much damage to Lloyds’ of London names and syndicates in…
