Axa forecasts €1.5bn coronavirus hit and halves dividend
Axa has estimated it will face €1.2bn (£1.07bn) in property and casualty coronavirus related costs along with spending €300m on ‘solidarity measures’.
The insurer detailed that the €1.2bn post-tax and net of reinsurance P&C hit will come mainly from event cancellation and business interruption policies.
In its first quarter results at the start of
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