Reinsurers able to absorb H2 2018 losses
Friday, 10 05 2018, Category: Insurance and Reinsurance, Country: World
Despite catastrophe and man made losses in the second-half of 2018 falling below the levels seen last year, so far, analysts at Peel Hunt have said that by no means is H2 2018 a benign loss period, with losses starting to have a meaningful P&L impact.
Notable natural catastrophe losses so far in the second-half of 2018 include hurricane Florence and Typhoon’s Jebi and Mangkhut, as well as wildfires in California among over adverse weather events.
Although, analysts at Peel Hunt say that the strong capitalisation of the reinsurance segment, which includes both traditional and increasingly alternative reinsurance capital, is robust enough to absorb any major loss event.