Beazley revises Covid-19 claims estimate up to $340m

Coronavirus

Beazley is estimating a Covid-19 impact on claims of $340m (£265.6m) following further analysis of the impact of the virus.

In April, as it reported a pre-tax loss, it estimated a hit of $170m across its first party business (contingency, accident and health, marine, property and reinsurance).

In a trading update the insurer detailed that in determining this figure, it made a number of assumptions including that events would resume in September this year which would lead to a normalisation in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: