After any large loss event, the Bermudian reinsurance market always sees the inflow of billions of dollars of new capital. |
It's slightly better than expected. Returns on the existing business are good ... But value added by new business doesn't look so good. There was rather much of a drop. |
The overall figures are lower-than-expected, not only because of the catastrophe claims, but also because of the reserve additions. |
The positive rationale behind a deal would be the potential to cut more costs. |
Zurich has always been very much a non-life story. But it's interesting to see ... the focus turning toward the life business and Farmers now that premiums are under pressure in the United States. |