Rate increases began to bolster the bottom line for reinsurers during the first half of 2018, and insurers saw added income from higher interest rates and a growing U.S. economy, say analysts surveying the sectors second-quarter results. But the 2017 catastrophes, which triggered some premium hikes for insurers and reinsurers, are still affecting results nearly a year later as reserves continue to be adjusted. “Reinsurance rate increases, which became effective with January 1 renewals are now contributing to income,” said Meyer Shields, managing director at Keefe, Bruyette & Woods Inc. in Baltimore.
Economic Growth Helps Insurers, Reinsurers In 2018
External References & Further Reading
https://www.businessinsurance.com/article/20180814/NEWS06/912323321/Economic-growth-helps-insurers-reinsurers-in-2018