Harvey and Irma to aid reinsurer pricing power: Buckingham

Hurricanes Harvey and Irma could strengthen the pricing power of
reinsurers including Validus, RenaissanceRe and Aspen, according to
Buckingham Research Group, which initiated its P&C coverage
with a positive outlook on the sector and buy recommendations on
those stocks.
Analysts Amit Kumar and Ella Soltz noted that the two storms
could take out a combined $60bn of capital from the market, with 30
percent of Harvey losses going to reinsurers and 50 percent for
Irma.
But after a (re)insurance