Euro reinsurers’ Covid losses to be worse than expected: KBW

Munich Re, Swiss Re, Scor and Hannover Re

The big four European reinsurers face further deterioration in Covid-19 losses in their third-quarter results, according to Keefe, Bruyette & Woods (KBW) analysis, with the quartet also forecast to exceed Q3 catastrophe budgets following an “active quarter” for nat cats.

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