Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

24 March 2018

Search archive

Jefferies says loss creep in 2018 will drive higher rates

7 December 2017

Investment bank Jefferies said there remains a $20bn gap between (re)insurer loss estimates from Q3 catastrophe events and anticipated industry losses, as it predicted loss creep would fuel rate increases in 2018.

In an analyst note, the group a $20bn gap between disclosed losses and anticipated industry losses.

It tallied $46bn of pre-tax losses reported by carriers in their Q3 results and assumed $29bn of losses would be absorbed by the alternative market, leaving a shortfall against current industry total...

If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership


Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2018. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.