Principal
As the principal of Global Risks, Bonni Gordon is a fundamental part of a boutique brokerage that services medium-sized to large corporate clients and high-net-worth individuals and families. With 14 years of experience in the insurance industry, Gordon has been able to identify and tackle the many challenges presented by the current global health crisis.
“The pandemic has created an enormous number of challenges, particularly in relation to directors & officers liability, cyber risk and property insurance,” she says. “Although capacity remains similar, insurers are now reviewing their appetite and exposures. Certain classes remain challenging – at times at a price, at reduced capacity or with exclusions.”
Gordon has also had to address the insurance sector’s response to claims for business interruption cover. “At present, insurers have declined to consider claims of this kind, even when no formal claims have been submitted,” she says. “The sector continues to struggle with how to handle this unresolved issue and how to assist clients where there are no definite guarantees one way or the other. This issue will take some time to be resolved and no doubt will probably end up in the High Court.”
This ties into Gordon’s biggest career goal for 2020: “A settlement in relation to a client’s business interruption cover – what a coup that would be for her and the insurance broking fraternity!”
