Chubb reveals near $1.4bn Covid-19 Q2 loss estimate
Chubb has estimated that it will face $1.37bn (£1.1bn) of pre-tax losses - $1.16bn after tax - in its second quarter results due to the global coronavirus pandemic.
The insurer explained that the total represented its best estimate of ultimate insurance losses resulting directly from the pandemic and consequent economic crises.
In Q1 Chubb booked $13m of pre-tax
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