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-0.00120426123205183 0.00120426123205183 -0.00037054191755435 0.000787401574803223 0.00203798054654932 -0.00305697081982398 -0.0138026864289022 -0.0101435849930523
Stock impact report

Coronavirus to spur largest single loss in insurance history: Chubb CEO [Reuters]

Chubb Limited (CB) 
Last chubb limited earnings: 4/21 04:05 pm Check Earnings Report
Company Research Source: Reuters
Coronavirus to spur largest single loss in insurance history: Chubb CEO (Reuters) - The coronavirus pandemic will likely spur the largest single loss in insurance industry history, said Evan Greenberg, chief executive officer of Chubb Ltd, during a call with analysts on Wednesday. Chubb, one of the world’s largest insurers, reported its first-quarter financial results late on Tuesday, saying that the pandemic had not affected its performance but that it anticipated a “meaningful impact” during the second quarter. Greenberg on Wednesday said the COVID-19 outbreak will be felt across its global commercial property and casualty insurance business. “We’re in an unprecedented moment of historic proportions,” Greenberg said of the pandemic and economic fallout. Greenberg’s remarks come as U.S. insurers are starting to take stock of the potential impact of the coronavirus pandemic on their businesses, largely in the second quarter. U.S. commercial insurers are also facing mounting political Show less Read more
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