“Although COVID-19 related claims notified in March were limited and the precise implications of the crisis remain uncertain at this stage, we believe that the effects of the COVID-19 crisis will have a material impact on our earnings in 2020.”
Those were the words of AXA chief executive Thomas Buberl when the Paris-headquartered insurer published its first quarter activity indicators, which include gross revenues of €31.7 billion (around AU$53.3 billion).
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