Munich Re expects $1 billion in coronavirus claims

Share!

Business Insurance - May 07, 2020

Munich Re said on Thursday it expects to receive claims for cancelled or postponed events because of the coronavirus crisis in excess of €1 billion ($1.08 billion) this year after it posted a 65% drop in first-quarter profit....

Read Full Article

Recommended Articles

South Korean insurers post combined net profits of nearly $6 billion

Posted: Aug 22, 2023

South Korean insurers’ combined net profits increased to around 8 trillion South Korean won ($5.95 b...

P&C insurance market sees reduced capacity on risks

Posted: Aug 22, 2023

According to a new report from Aon PLC, South Africa’s insurance market is continuing to see reduced...

Latin Re obtains license to operate in Lloyd’s marketplace

Posted: Aug 22, 2023

Independent insurance brokerage Latin RE is the first Brazilian broker to get a license to operate d...