Bermuda reinsurers should record another year of strong resultsin 2008 and produce mid- to high-teens return on equity despitelower premium volume, according to an investment bank analysis.
Bank of America's equity research division said it isreiterating a positive view of the reinsurance sector after meetingthe management teams of most of the companies it studies. “Most areconfident they can write a reasonable volume of both property andcasualty business in 2008 that will generate targeted returns,” thebank said.
The analysis said that premium rates on U.S. catastrophereinsurance are expected to decline by 10 percent or less afterrising significantly last year.
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