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After years of losses and just 12 months of underwriting income, American International Group's property/casualty business has lost money again. For that, COVID-19 is to blame. AIG said the P/C arm ...
Insurers are normally great with numbers. But the coronavirus pandemic has them struggling to estimate how many billions of dollars in losses they face, and what the fallout will be for their massive ...
Prem Watsa's Fairfax Financial Holdings lost close to $1.3 billion during its first quarter, due largely to unrealized losses on investments and market volatility over the coronavirus pandemic. The ...
Argo Group International Holdings expects pretax net catastrophe losses of $29 million during the 2020 first quarter, the bulk of which stems from costs relating to the COVID-19 pandemic. The ...
Reinsurer Swiss Re swung into a net loss in the first quarter of 2020 as the impact of the coronavirus outbreak began to bite, it said on Thursday. The Zurich-based company booked a hit of $476 ...
The Hartford's 2020 first-quarter numbers are yet another example of the coronavirus pandemic not yet affecting underwriting results in a major way. But net income took a big hit. First-quarter net ...
AXIS Capital President and CEO Albert Benchimol said that most of the company's insurance policies don't cover coronavirus pandemic-related claims. There are some that do, however, and those costs ...
Everest Re Group estimated pre-tax losses of $150 million during the first quarter from claims related to the coronavirus pandemic. The company expects that the majority of pandemic losses will come ...
Chubb Chairman and CEO Evan Greenberg insists the global P/C insurer has strong fundamentals, but warned at the same time that the ongoing pandemic crisis will spur unpredictable revenue challenges ...
Chubb said that the coronavirus pandemic's effects on its bottom line were relatively benign in the 2020 first quarter. But all bets are off for the months ahead. The global property/casualty insurer ...
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