Aviva scraps executive bonuses and pay hikes amid COVID-19 crisis
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Hiscox breaks silence on 'market speculations' over UK COVID-19 business interruption claims
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Insurers taking tough decisions on paying shareholders have a lot to consider, and pressure to make the best choice will only increase the longer the pandemic lingers on. Intelligent Insurer reports.
“The current climate and COVID-19 have created huge uncertainty and anxiety for those who have declared but not yet paid dividends.” Sara Ager CEO of Greenkite.
· Re/insurers adopt different strategies on dividend payments in coronacrisis
· 'Only right and proper' to ensure suitable financial provision for looming global recession
· Suspended dividends could create tax issues for shareholders
· Increase in remote working could lead to a whole market restructure
The significant risks and uncertainty created by the COVID-19 pandemic present re/insurance leaders with a "really tricky situation to unpick and predict”, says one industry expert.
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COVID-19, dividends, insurers, capital, shareholders, pandemic, suspended, Ager, Hiscox, Greenkite, reinsurance, Munich Re, Aviva, Generali
