UK insurer Beazley doubles its Covid-19 loss estimate
Shares slumped 15% in their worst one-day fall on record as the firm forecasts claims of up to $340m net of reinsurance
22 September 2020 - 16:53
London — Specialist insurer Beazley is bracing for claims linked to the coronavirus pandemic to double to $340m, with almost all the estimated increase arising from events cancelled in the wake of a recent spike in infections.
Shares in the London-based company, which business is heavily weighted towards the US and UK, had slumped 15% in their worst one-day fall on record by 7.07am GMT...
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