Bermudian (re)insurer RenaissanceRe delivered operating income of $2.79 per diluted common share in the second quarter, comfortably exceeding analysts' consensus forecast of $2.40 per share.
Insurance giant Chubb reported second quarter operating earnings of $2.50 per share, exceeding market expectations of $2.47 per share and the result achieved in the same period last year by $0.25.
P&C (re)insurers experienced a relatively benign quarter in terms of natural catastrophe events, though recent company disclosures have dented more bullish assumptions about related losses.
The P&C (re)insurance industry once again proved to be a safe bet for investors as most companies in the sector posted share price increases during the second quarter
