News Coronavirus watch03 Aug 2020

Reinsurer expects to cover majority of COVID-19 losses

Swiss Re group CEO Christian Mumenthaler

Even though Swiss Re reported a net loss of $1.1bn for the first half of 2020 after booking $2.5bn of coronavirus-related claims and reserves, its group CEO Christian Mumenthaler noted that the reinsurer expects the claims and reserves it booked in this period ultimately to cover the majority of its COVID-19 losses.

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