Reinsurance faces the strongest headwinds
Wednesday, 08 17 2016, Category: Insurance and Reinsurance, Country: World
Of all the segments within the insurance and reinsurance market, it is the reinsurers that analysts at RBC Capital Markets believe face the strongest headwinds still, as indicated by some companies higher than expected combined ratios at the mid-year point.
Non-life insurance remains more attractive than life, according to the analysts, with the exception of the reinsurance industry. RBC’s analysts believe that reinsurers face greater difficulties going forwards than the insurers or Lloyd’s of London players.
Some of the largest European reinsurance firms missed on analysts consensus estimates for their combined ratios at the recent results season and RBC believes this is a reflection of the challenges that reinsurance companies continue to face.