Strong Q1 reinsurance results expected
Thursday, 04 14 2016, Category: Insurance and Reinsurance, Country: World
The big four European reinsurance firms are expected to report another solid and profitable quarter in the coming Q1 2016 results season, as the continued very low level of major losses helps to boost their profits and returns, according to analysts at J.P. Morgan.
In fact Q1 2016 results are expected to be strong across the whole reinsurance sector, according to the analyst, suggesting that profitability will be the order of the day, due to the continued “very quiet period for major losses.”
However, a year-on-year comparison of the results will likely suggest a decline, according to the analysts, as continued pressure from pricing in the reinsurance markets filters through to impact the bottom line.