Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018
P&C earnings outlook boosted by low cats, rising rates
- 10 April 2018
Low catastrophe losses and an improving rate environment should bolster P&C (re)insurers' Q1 earnings, analysts said in recent sector previews, while share prices continue to be buoyed by M&A activity.
Ahead of the Q1 earnings season, which starts next week, Barclays analyst Jay Gelb noted that the outlook "appears decent for commercial (re)insurers with stabilising pricing which might show improvement as 2018 progresses".
In addition, the relatively low level of cat losses probably boosted earnings by an average of 5...
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