NU Online News Service, April 7, 1:13 p.m. EST
A global hardening of prices in the property and casualty industry will likely not occur despite one of the worst quarters in underwriting history, says global investment bank Keefe, Bruyette & Woods (KBW).
In its first quarter earnings preview, KBW says it expects nearly all reinsurers from Bermuda to show a loss in the first quarter, with some on pace to remain in the red for the year as a result of the significant global catastrophes—which KBW calls possibly the worst first quarter of catastrophe losses in history for the Bermuda group.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 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.
