Investors to look behind solid Q2s for catalysts
As US and Bermudian P&C (re)insurers begin reporting Q2
results this week, investors will be looking behind the broadly
solid profits that are expected at catalysts for multiple expansion
in a sector that continues to trade around historic lows.
In a relatively benign quarter the catastrophe loss impact is
likely to be limited to homeowners' primary insurers, where
equity analysts have already given earnings per share (EPS)
estimates a haircut.
With the impact of the hailstorm, wildfire and tornado activity...
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