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Analysts at German investment banking firm Joh. Berenberg Gossler & Co. KG predict that global insurance and reinsurance claims related to the COVID-19 pandemic to range from $50 billion to $70 billion, Artemis reports. They said that Lloyd's of London's estimate that nonlife COVID-19 claims will total $107 billion is too high.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms