Improved pricing conditions in the wake of record second-halfcatastrophe losses have prompted equity analysts to take a moreoptimistic view of the property-casualty sector.

P-C analysts Jay Gelb of Lehman Brothers and Brian Meredith ofBank of America have raised their outlooks for the industry thisweek.

Last week, the Insurance Services Office said that insurers paida record $40.8 billion in the third quarter to homeowners andbusinesses for insured property losses in 14 states, making 2005the costliest year for catastrophe damage in history.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Reinsurance