Loss of $ 300-400 million to reinsurance company due to unattended Olympics = Fitch

Rating agency Fitch announced on the 12th that the reinsurance company will lose $ 300-400 million due to the unattended holding of the Tokyo Olympics and Paralympics. The total insurance amount will reach about $ 2.5 billion.

However, since the Olympics are expected to be held even if there are no spectators, the loss suffered by the reinsurance company is limited to those related to ticket sales etc., and the amount of loss is only 10-15% in the case of canceling the Olympics. .. The reinsurer has already made a provision, and the impact on earnings is negligible.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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