Japan’s decision to bar spectators from the Tokyo Olympics is likely to cost the global reinsurance sector $300 million–$400 million due to payouts for ticket and hospitality refunds, Fitch Ratings says. However, this is only 10%–15% of the amount reinsurers would have faced had the Olympics been cancelled, and its impact on earnings should be… Continue reading Olympics without Crowds to Cost Reinsurers $300M–$400M: Fitch
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