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UK insurers suspend dividends; US and French motor insurers announce premium rebates to customers; Bupa promises to give excess profits to customers
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Munich Re cancels 2020 profit guidance and buyback; SAGA suspends dividend and draws down £50m of short-term debt; A solvent insurance industry is vital for all
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ABI estimates industry travel insurance claims of at least £275m; Insurance industry would be in jeopardy if forced to pay BI claims; Cyber risk could increase during crisis
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Direct Line stops buyback due to virus impact on capital; Aviva solvency ratio estimated at 175%; Swiss Re indicates global event cancellation risk could be $6.3bn