European reinsurers’ Q1 results to normalize
Saturday, 04 21 2018, Category: Insurance and Reinsurance, Country: Europe
Deutsche Bank has reported that European reinsurance results for the first quarter of 2018 are expected to return to normal after a challenging 2017, with technical profits anticipated to be up due to the absence of severe natural catastrophe claims.
Q1 reports should reflect a solid earnings season, although results have been offset by pressure on investment income, resulting in a normal level overall, said Deutsche Bank.
While there were a series of global Q1 nat cat events, Deutsche Bank does not expect reinsurers to have exhausted their quarterly catastrophe budgets, and it anticipates that technical levels are above average.