The January reinsurance renewals were broadly as expected, with some small positives as rate reductions moderated (but still fell YoY). US reinsurance rates should bottom out this year but negative pressures will continue affect PBT in 2017. We expect luck to play a greater role in claims activity reported. Without a major catalyst, the ample capacity still available suggests prices could bump along the bottom for some time. It’s an unexciting story – but the Lloyd’s insurer
03 Jan 2017
A few positives in the January 2017 renewals
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A few positives in the January 2017 renewals
LAIQON AG (LQAG:ETR) | 0 0 0.0% | Mkt Cap: 21.7m
- Published:
03 Jan 2017 -
Author:
Joanna Parsons -
Pages:
6
The January reinsurance renewals were broadly as expected, with some small positives as rate reductions moderated (but still fell YoY). US reinsurance rates should bottom out this year but negative pressures will continue affect PBT in 2017. We expect luck to play a greater role in claims activity reported. Without a major catalyst, the ample capacity still available suggests prices could bump along the bottom for some time. It’s an unexciting story – but the Lloyd’s insurer