Property and casualty (P&C) insurance giant Chubb Limited has been hit hard by the COVID-19 pandemic, with the company’s financial results for both the second quarter and first half of 2020 showing losses.
In the quarter ended June 30, Chubb suffered a US$331 million (around £254.9 million) net loss – a plunge from the US$1.15 billion (around £885.7 million) net income enjoyed by the insurer in the same three-month span last year.
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