Q2 cat losses above expectations of reinsurers
Thursday, 08 18 2016, Category: Insurance and Reinsurance, Country: World
An increased level of catastrophe losses in the second-quarter of 2016 saw some reinsurers incur losses above their expectations, according to analysis from RBC Capital Markets. And with certain ILS funds feeling the impact of increased losses it’s likely that some experienced more outsized losses than others.
The majority of insurers and reinsurers have now reported their second-quarter 2016 results and, with the array of headwinds in the marketplace it was expected that returns would be down, as profitability remains difficult to come by on both sides of the balance sheet.