Light catastrophe year best scenario for European reinsurers
Tuesday, 06 09 2015, Category: Insurance and Reinsurance, Country: World
As the 2015 Atlantic hurricane and tropical storm season gets underway, analysts at RBC Capital Markets claim that a continuation of benign catastrophe losses would be the best-case scenario for European reinsurance market players.
In its latest equity research report, titled “European Reinsurance, Too early in the year to become constructive,” Canadian investment bank, RBC Capital Markets explores the earnings outlook for firms, in light of the commencement of the 2015 Atlantic hurricane season.
“At this point, given the significant capital supply-demand imbalance in the industry we believe the best case scenario for the industry would be for the light year for natural catastrophes to continue or for a very severe event to occur,” explained RBC.