mattee2264 Posted May 14, 2020 Share Posted May 14, 2020 Lloyds' of London is projecting 2020 underwriting losses of $107BN and falls in investment portfolios of an estimated $96BN bringing total projected losses to $203B for the industry. These sound like pretty big numbers but I am struggling to put them into context and assess the implication for the valuation of my insurance holdings such as Berkshire, Markel and Fairfax and AIG. Where are the underwriting losses coming from? Loss of rent and business interruption and health insurance and life insurance payouts are the most obvious examples that come to mind. But I would have thought for most P&C insurers these are not a large chunk of their business. 9/11 triggered a bad year for the insurance industry as well. What was the scale of the losses then and what was the impact on Berkshire, Fairfax and Markel's stocks and how quickly did they recover? Link to comment Share on other sites More sharing options...
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