With first quarter earnings disclosures around the corner, market expectations have formed of bottom lines that will reflect both low catastrophe levels and rates that are contracting further.
The general market opinion was that Q1 results should show claims within normal levels, with low cessions from the primary to the reinsurance sector, as there were few catastrophic or major man-made loss events.
Moreover, some analysts believed that the elevated frequency of events had contributed to rates stabilising in some sectors…Read more at The Insurance Insider