Reinsurer earnings will take hurricanes hit: RBC

RBC Capital Markets has lowered its 2017 earnings estimates for
European reinsurers and Lloyd's carriers by an average of 21
percent and 54 percent respectively to allow for the impact of
hurricanes Harvey and Irma.
Analyst Kamran Hossain said today in a note he does not expect
pricing to rise after the loss events and that, given the hit to
book value and earnings, this was the "worst possible
outcome" for carriers.
RBC used a $20bn industry loss estimate for...