Hints and tips:
...Apart from negative l-f-l rental and value growth, we assume recapitalizations to an LTV of c.35% by 2021 lowering the EPS and NAV by c.49% and c.61%....
...Company commentary supports our view of limited direct impact to P&C : Hannover Re: noted a potential €200m loss across P&C and L&H; Munich Re: noted a €500m loss should all the events it covers for communicable...
...Given the increased uncertainty linked to Covid-19, and the stock’s relatively higher exposure to impacted regions such as Europe, California and US North East, together with a weaker B/S than sector average...
International Edition