AXIS Capital, the Bermuda headquartered specialty insurance and reinsurance company, has revealed an expectation that the Covid-19 pandemic will drive some $235 million of losses, the majority of which will be in its property book. AXIS Capital gave a preview of the expected first-quarter hit to earnings from catastrophe events and severe weather losses, revealing… Continue reading AXIS Sets $235M Loss Reserve for Covid-19, Largely from Property Lines
Tag: Covid-19 insurance losses
Arch Capital Group Ltd. Announces Loss Estimates and Other Information Related to COVID-19 Pandemic
On March 11, 2020, the World Health Organization declared a pandemic in relation to the outbreak of COVID-19. The outbreak is causing unprecedented social disruption, global economic volatility, reduced liquidity of capital markets and intervention by various governments around the world. Arch Capital Group Ltd. expects impacts on incurred losses and premium volumes on its… Continue reading Arch Capital Group Ltd. Announces Loss Estimates and Other Information Related to COVID-19 Pandemic