Mactavish warns Covid-19’s impact on insurance sector could be greater than 9/11 and worsen hard market

Ben NorrisMarch 18, 2020
Capital loss and stock investment price falls and monetary loss. Prices in the red and angry investors sulk.
Credit: iStock/traviswolfe

Mactavish has warned that Covid-19’s impact on the commercial insurance sector could be greater than 9/11, with heavy investment losses exacerbating the hard market and premiums rising dramatically, cover being withdrawn, more exclusions and rejected claims.

It has therefore called for a range of...

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Ben NorrisMarch 18, 2020
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