Reinsurance News
JP Morgan
JP Morgan lowers P&C earnings estimates
25th April 2022
Analysts at JP Morgan have lowered their underlying earnings estimates by 2% to 2.5% to reflect more subdued revenue growth in the first quarter of 2022 than was previously estimated, as well as to account for a potential higher level of large losses. Q1 2022 saw roughly $12 billion to $14 ... Read the full article
Re/insurance pricing to remain ahead of loss cost inflation: JP Morgan
9th February 2022
Analysts at JP Morgan remain confident that the overall P&C pricing environment should remain positive for P&C (re)insurers in 2022, providing attractive growth opportunities and remaining ahead of loss cost inflation. In particular, reinsurance pricing should be buoyed by another year of substantial losses and continued weak sub-sector ROE, JP Morgan ... Read the full article
XL turnaround seen as key for AXA at H1: JP Morgan
28th June 2021
Analysts at JP Morgan have said that a performance turnaround for AXA’s XL division will be key to the company’s results for the first half of 2021, which are due to be released in early August. Specifically, JP Morgan says that it is important for AXA’s management to showcase that the ... Read the full article
COVID-19 losses still top concern for P&C re/insurers: JP Morgan
24th July 2020
With industry losses forecast to ultimately reach $100 billion, JP Morgan reports that exposure to the COVID-19 pandemic remains top of the mind for property and casualty (P&C) re/insurers. Overall, analysts expect small cap underwriters and brokers to be better insulated from virus headwinds versus their larger counterparts due to their ... Read the full article
JP Morgan reduces income estimates on COVID-19 exposure
14th April 2020
JP Morgan has reduced its net income estimates for the largest four European reinsurers, due to the significant claims that could arise from the coronavirus (COVID-19) pandemic. On the P&C side, analysts see event cancellation as the most immediate source of claims, where the outcome for reinsurers should be known fairly ... Read the full article
Swiss Re to exceed large loss budget, FY19E income revised down: JP Morgan
28th January 2020
A "noisy" period for catastrophe events is expected to see global reinsurance giant Swiss Re exceed its large losses budget in both Q4 and full-year 2019, which, combined with other factors has seen analysts at JP Morgan reduce their full-year 2019 net income for the reinsurer by 20%. The Switzerland-based reinsurer ... Read the full article
P&C market favourable for smaller, niche players: JP Morgan
25th October 2019
Smaller, niche carriers are particularly well positioned to take advantage of favourable conditions in the property and casualty (P&C) re/insurance market, according to analysts at JP Morgan. In a new report, the firm said it expects smaller players to accelerate their market share gains as larger market leaders retrench in an ... Read the full article
Commercial carriers poised to benefit from continued rate improvements: JP Morgan
21st August 2019
Broad industry pricing improvements are expected to provide a tailwind to commercial carriers’ top-line growth and earnings, according to JP Morgan analyst Keith Cornelius. This is likely to be supported by year-on-year improvements in bet investment income, as well as a manageable quarter in terms of catastrophe activity. Cornelius believes that small ... Read the full article
Munich Re expects €1bn Q2 result on lower losses, reserve releases
18th July 2019
Global reinsurance giant Munich Re has announced that it expects to report a consolidated result of approximately €1 billion for the second-quarter of 2019. The reinsurer states that this figure is mainly a result of low major-loss expenditure and high reserve releases for basic losses in reinsurance from prior years. Munich Re ... Read the full article
Active but manageable cat load to hit P&C earnings in Q2: Analysts
12th July 2019
On the back of an active period for catastrophes but still manageable underwriting losses, improved investment returns, and the improving rate environment, analysts at J.P. Morgan are expecting property and casualty (P&C) re/insurers to report mixed earnings for the second-quarter of 2019. Global insurers and reinsurers are soon to announce their ... Read the full article
Swiss Re could use more ADC reinsurance to reduce Corporate Solutions volatility: analysts
10th July 2019
Analysts at Barclays and JP Morgan are anticipating that Swiss Re may purchase further adverse development cover (ADC) to protect the underwriting result of its Corporate Solutions business, which was hit particularly hard by recent catastrophe losses. The move will likely come as part of a broader overhaul of the unit’s ... Read the full article
JP Morgan identifies benefits of Swiss Re’s planned ReAssure IPO
28th January 2019
Swiss Re’s planned initial public offering (IPO) of its UK closed book business, ReAssure, is expected to result in a number of benefits for the reinsurer, according to analysts at JP Morgan. Swiss Re has stated that it intends to reduce its stake in ReAssure to below 50% this year to ... Read the full article
Pricing set to improve across UK specialty classes in 2019, say analysts
19th December 2018
Consecutive periods of above-average large losses are set to cause a positive reaction in pricing across a range of UK specialty classes in 2019, according to analysts at J.P. Morgan. The firm noted that 2018 saw a higher incidence of man-made losses, putting classes like Marine under additional pressure, while pricing ... Read the full article
Consolidation will help re/insurers leverage digital investments: J.P. Morgan
4th December 2018
Further sector consolidation would allow re/insurers in the European market to better leverage investments in digital innovation by sharing the costs across a wider revenue base and creating economies of scale, according to analysts at J.P. Morgan. A recent report by the firm suggested that, while investment in digital is growing ... Read the full article
Reinsurers well placed to benefit from the rise of digital: J.P. Morgan
31st October 2018
Reinsurance companies are positioned well to benefit from the potential disruption caused by the rise of digital technologies, according to analysts at J.P. Morgan. Digital technology is advancing rapidly and increasingly looking to disrupt the global insurance and reinsurance sector. As a result, both insurers and reinsurers stand to potentially gain ... Read the full article
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