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Bermuda Companies Challenged In 2Q, But P&C Industry Fares Well

Bermuda reinsurers are expected to have a difficult second quarter, with a challenging near-term outlook, as pricing remains under pressure with no sign of rate increases, and profits hit by recent losses, according to a financial analyst's report.

By Phil Gusman | Updated on July 13, 2010

NU Online News Service, July 14, 3:48 p.m. EDT

Bermuda reinsurers are expected to have a difficult second quarter, with a challenging near-term outlook, as pricing remains under pressure with no sign of rate increases, and profits hit by recent losses, according to a financial analyst’s report.

The Bermuda outlook was contained in a Keefe, Bruyette & Woods (KBW) analysis of property and casualty second quarter earnings that otherwise described activity within the industry as “ho-hum.”

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