Second-quarter results for the property-casualty insurance sector were mixed, but overall profits were excellent and the trend should continue, according to an investment bank analysis.
Analysts at Keefe, Bruyette & Woods said in a report they foresee declines in premium levels for insurers and brokers' revenues, reduced investment income and an active merger and acquisition environment, among other trends.
The report also mentioned further capital management and "modest" deterioration of profit margins.
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