It’s first quarter results season for the insurance industry – normally a time for companies to parade their profits and offer their vision for what’s to come as the year rolls on. However, this time around, financial reports are shrouded by the heavy cloud that is COVID-19.
The impact of the coronavirus is there for all to see in the latest set of results released by reinsurance giant, Swiss Re. The company has reported a group net loss of $225 million, reflecting the impact of COVID-19 as well as a pre-tax charge of $476 million for its property and casualty business.
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.