Losses

There is only ‘limited validity’ in comparing the Covid-19 losses to those experienced in 2001, the report said.

Codes were also generated for a number of natural hazards.

The latest damaging D&O loss comes as the market hardening continues to accelerate.

BI losses increase the claims tally on the Aon-brokered policy.

Covid-19 claims could make the year the most expensive on record, the broker warns.

Marijuana dispensaries in cities including Chicago, Philadelphia, Boston and Los Angeles were among the targets.

Four severe weather events in Texas and the Midwest generate about 80 percent of the claims.

A $300mn Dell loss is among the drivers strengthening underwriters’ resolve.

The estimate for the third named storm of the season covers privately insured wind and storm surge damage.

US convective storm losses have already topped $13bn for the year.

The company may make an additional payment in Q4 subject to market and regulatory conditions.

The German reinsurer’s performance “will decline” this year amid Covid-19 turmoil.