Following an intense period of work to understand the direct market positions by sector and how those interface with reinsurer concerns, the JXL has released its Communicable Disease Exclusion JX2020-009 and a Limited Coverage Endorsement JX2020-010. As with the main CL432 wording, dialogue between parties during placement is very much encouraged so that they reach a mutual understanding of the risks.

The Lloyd’s drive for clarity on policies over cyber, or more precisely on coverage given and claims that may arise from the use of software, has ramifications for reinsurers as they also have to be clear on their exposures and coverage.