Normalised cat losses to threaten reinsurers
Thursday, 11 26 2015, Category: Insurance and Reinsurance, Country: World
Despite an expected overall RoE of roughly 13% for non-life reinsurers at year’s end 2015, a challenging investment landscape, any return to normalised catastrophe losses and declining reserve releases signal further challenges for the sector, according to reinsurance giant Swiss Re.
“The non-life reinsurance industry is caught between a fair present and cloudy future,” says Swiss Re.
Underwriting profitability for global non-life reinsurance entities have been solid so far in 2015, aided by the continued benign catastrophe loss environment and positive prior year reserve releases, leading Swiss Re to expect a reinsurance industry combined ratio of around 90%, or lower, for full-year 2015.