2012 property-casualty forecasts:
- Analyst Keefe, Bruyette and Woods projects moderate rate growth in a sluggish economy, but rates won’t go up enough to surpass trend, leaving combined ratios where they are.
- A.M. Best projects (pdf) negative outlook for commercial insurance, meaning more downgrades than upgrades, and stable for personal lines. Personal lines benefit from strong auto results, while commercial lines struggle to achieve adequate prices.
- Deloitte tells us that “Generating growth in a challenging economy takes operational excellence and innovation.”
- Conning projects a 104 industry combined ratio for 2012 and an ROE around 5%.
- Standard & Poor’s sees a stable global reinsurance market in 2012 after they post a C.R. between 110 and 115 in 2011, thanks to lots and lots and lots of cats everywhere.
Comments
Hi Jim, there’s quite a bit from London/Lloyd’s-based P&C market this week. you might be interested in checking out Amlin’s performance – big dip into the reserves…