Lloyd’s’ Carnegie-Brown says 2020 global insured losses will rival 2017’s $144bn record

Credit: iStock/eric1513

Chairman of Lloyd’s Bruce Carnegie-Brown said global insurance losses from Covid-19 will exceed its industry estimate of $107bn for 2020. Speaking at a Reuters event, Future of Insurance USA, Mr Carnegie-Brown said this year’s total global loss from the pandemic will be nearer the highest cat year on record in 2017 of $144bn, when Hurricanes Harvey, Irma and Maria cost…

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