May 14, 2020 / 5:08 AM / 15 days ago

RPT-Zurich sees $280 mln COVID-19 property & casualty claims in Q1

(Adds more customers, no changes to text)

ZURICH, May 14 (Reuters) - Zurich Insurance Group on Thursday said property and casualty claims related to the coronavirus pandemic could total around $750 million this year, after recognising $280 million such claims in the first quarter.

“The impact of claims related to the COVID-19 outbreak and the sharp falls in financial markets in the latter part of the first quarter are expected to remain a 2020 earnings event,” Chief Financial Officer George Quinn said in a statement. (Reporting by Brenna Hughes Neghaiwim editing by John Miller)

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