LONDON (Reuters) – Swiss bank UBS <UBSG.S> raised its estimates for COVID-19 insured losses to $30-60 billion from $20-40 billion on Friday, citing increasing uncertainty about non-U.S. business interruption claims.
UBS upped its estimates for non-U.S. business interruption to $7-22 billion from $5-15 billion previously, and said it expected $8-16 billion in credit insurance losses, mainly in reinsurance.
(Reporting by Carolyn Cohn; editing by Marc Jones)
Pittsburgh Penguins’ Mike Sullivan named U.S. men’s hockey coach for 2026 Milan Olympics
Panthers reach Eastern Conference final for second straight year, eliminating Bruins in 6 games
Scheffler looks to the weekend after a long, strange day at the PGA Championship
Kentucky Derby winner Mystik Dan takes on 7 other horses in the 149th Preakness
Ohtani hits 2-run homer and scores go-ahead run on his special day in LA as Dodgers beat Reds 7-3
Water, water everywhere … most is now safe to drink in an English village after parasite outbreak
Armed robbers hit luxury store in Paris reported to be ‘Jeweler to the Stars’
Thousands are expected to rally on Washington’s National Mall in support of Palestinian rights
Aid from new pier off Gaza should be distributed this weekend, while pressure grows on Netanyahu
The rise of podcasts among Gen-Z: A look at the success of LA-based show, Dropouts Podcast
