S&P worst-case scenario for Ukraine conflict pegs specialty losses at $35bn

March 31, 2022

Specialty insurance losses arising from Russia’s invasion of Ukraine could stretch to $35bn in a worse-case scenario produced by Standard & Poor’s (S&P).

The Russia-Ukraine conflict is expected to add $16bn of insured losses, in the best-case scenario, to (re)insurers’ Q1 numbers, S&P said.

This

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