July 6, 2020 / 8:20 PM / a month ago

BRIEF-Chubb Announces Q2 2020 Global Net Catastrophe Loss Estimates Of $1,807 Mln Pre-Tax

July 6 (Reuters) - Chubb Ltd:

* CHUBB ANNOUNCES SECOND QUARTER 2020 GLOBAL NET CATASTROPHE LOSS ESTIMATES OF $1,807 MILLION PRE-TAX, OR $1,510 MILLION AFTER TAX, INCLUDING COVID-19 GLOBAL PANDEMIC LOSSES OF $1,365 MILLION PRE-TAX, OR $1,157 MILLION AFTER TAX

* CHUBB LTD - ESTIMATES CHARGE FOR U.S. CHILD MOLESTATION CLAIMS OF $259 MILLION PRE-TAX, OR $205 MILLION AFTER TAX

* CHUBB LTD - 71% OF COVID-19 ESTIMATE RELATES TO CO’S NORTH AMERICA COMMERCIAL P&C INSURANCE SEGMENT

* CHUBB LTD - WILL REDUCE ITS NET WRITTEN PREMIUMS IN Q2 BY APPROXIMATELY $184 MILLION Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below