AIR+13 Jul 2021

Barring crowds from Olympics to cost reinsurers about $400m

| 13 Jul 2021

Japan's decision to bar spectators from the Tokyo Olympics is likely to cost the global reinsurance sector $300m to $400m due to pay-outs for ticket and hospitality refunds, Fitch Ratings said. However, this is only 10%-15% of the amount reinsurers would have faced had the Olympics been cancelled, and its impact on earnings should be limited, leaving capital and ratings unaffected.

Archived articles are available to Magazine subscribers only.

If you are already a subscriber

OR sign-up for a trial access here Trial Access

For Full Access to the magazine SUBSCRIBE here.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

 
Error : Object reference not set to an instance of an object.

Recent Comments
Other News

Follow Asia Insurance Review