Losses

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

The losses have surpassed $10bn for the past 13 years.

The cat modelling firm said storm surge on top of delinquencies could result in additional losses and delay economic recovery.

Bushfires to cost an estimated A$2.3bn

Dow Chemical says there have been “no reported product releases” and no injuries.

More than half the losses came from two major wind and hail storms.

The carrier estimates a net Covid-19-related claims impact of £160mn after allowing for favourable impacts in certain lines.

Flood water is commingling with Dow Chemical reservoirs, according to media reports.

Travel restrictions and social distancing could hamper vital response efforts in the event of a casualty.

The Japanese parent predicts a Covid-19-related drop in fiscal 2021 earnings.

The weaker international result was driven by deteriorating loss ratios and reserve strengthening in North America.

Analyst Michael Huttner predicts that rising rates could allow Zurich to recover pandemic losses in just a year.