Chubb flags huge Covid-19 losses

Corona world

Chubb has highlighted large losses arising from Covid-19 in its Q2 results predictions for the year so far.

The provider predicted a pre-tax loss of $1.36bn (£1.09bn) due to the pandemic with exposure across entertainment and commercial property-related business interruption and accident and health (A&H) products including travel insurance products amounting to $605m.

In addition losses of $533m related to liability insurance products, including professional liability (directors and officers

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