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HVRRF - Chubb Reports $700M Of Pre-Tax Catastrophe Losses On Winter Storm
Hannover Ruckvrschng Shs
In reporting its first-quarter results late Tuesday, Chubb revealed a $700 million pre-tax hit from catastrophe events, $657 million of which came from US storms.
Chubb said that its losses from the COVID-19 pandemic remained flat in Q1.
Looking ahead, the insurer sees opportunities to bulk up its book in positive market conditions.