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0.000929108984483827 0.000308464182848589 -0.00213695066431296 -0.0057604757038001 -0.00511009941466144 -0.00743287187587114 -0.00548174300845492 -0.00771160457121619
Stock impact report

Coronavirus Will be Largest Event in Insurance History, Says Chubb CEO [Yahoo! Finance News]

Chubb Limited (CB) 
Last chubb limited earnings: 4/21 04:05 pm Check Earnings Report
) -- Chubb Ltd. Chief Executive Officer Evan Greenberg warned that the impact of the virus and related economic turmoil will likely be historic for the industry.“This event will be the largest event in insurance history,” Greenberg said Wednesday on an earnings call discussing Chubb’s first-quarter results. The virus and its ripple effects will impact both the asset side and the liability side of the balance sheet, he said.Greenberg outlined the catastrophic-like nature of a pandemic in an interview last week, saying that the spread of an infectious virus is particularly devastating because it’s not limited by time or geography. Insurers are already seeing claims from policyholders affected by the virus and shutdowns, while also having to manage the market turmoil with the billions of investments the companies oversee.Chubb booked $13 million of losses tied to Covid-19 in the first quarter and warned that the virus will have a “meaningful impact” on revenue and profit in the second qu Show less Read more
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