Multiple compression was rife across the P&C (re)insurance industry in 2014 as doubts over the sector's future profitability placed downward pressure on price-to-book (P/B) valuations.
Multiple compression was rife across the P&C (re)insurance industry in 2014 as doubts over the sector's future profitability placed downward pressure on price-to-book (P/B) valuations.