KBW forecasts Axa XL will incur €400mn of H2 2020 Covid-19 losses

Axa XL KBW v2

Keefe, Bruyette & Woods (KBW) has estimated Axa XL will produce a €1.2bn ($1.5bn) net underlying loss in 2020 with the analysts forecasting the commercial specialty division will incur around €400mn of Covid-19 losses for the second half of the year.

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