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Global COVID-19 Insurance Losses to Be Higher than Early Estimates: Lloyd’s Chairman

November 19, 2020


Global insurance losses from the COVID-19 pandemic will be higher this year than the $107 billion Lloyd’s of London had previously estimated, its Chairman Bruce Carnegie-Brown said on Wednesday.

Carnegie-Brown told the Reuters Events Future of Insurance USA conference that pandemic-induced losses will be on a par with 2017, when three Atlantic hurricanes contributed to a catastrophe bill of $144 billion, the highest on record according to Swiss Re.

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