NU Online News Service, March 18, 12:30 p.m. EDT
A new wave of capital into the market, similar to what happened after Hurricane Katrina, is unlikely to occur after the magnitude 9.0 earthquake in Japan, as post-Katrina investment returns have not had the desired results, according to analyst firm Keefe, Bruyette & Woods.
In a "Property and Casualty Industry Update," KBW called post-Katrina investment returns "marginal." KBW added that "the world, particularly financial markets, has undergone a lot of change since 2005. There simply isn't that excess capital available in the world."
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