We have updated our 2017e earnings forecast to allow for a preliminary estimate for around USD1bn combined losses in the US hurricane season. However, we expect market capacity to continue to put pressure on pricing overall. On valuation, we downgrade shares from Hold to Underperform
06 Oct 2017
Rate turning event may stay elusive
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Rate turning event may stay elusive
Zurich Insurance Group Ltd (0QP2:LON) | 0 0 0.1% | Mkt Cap: 46,293m
- Published:
06 Oct 2017 -
Author:
Craig Bourke -
Pages:
4
We have updated our 2017e earnings forecast to allow for a preliminary estimate for around USD1bn combined losses in the US hurricane season. However, we expect market capacity to continue to put pressure on pricing overall. On valuation, we downgrade shares from Hold to Underperform