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Think insurers can price their way back from storms? Think again

Investors may be 'sorely disappointed' when reinsurers dont see quick rebounds in book values as they did after past storms, Bloomberg Intelligence analyst Jonathan Adams said.

By Lily Katz | Updated on October 27, 2017
Bulls appear to be convinced the industry is being thrust into something known as a “hard market,” in which there’s a cyclical increase in premiums that allows firms to replenish reserves. (Image: Shutterstock)

(Bloomberg) – The worst hurricane season in modern U.S. history is starting to look like a blip on the charts of insurance stocks, with investors banking on a quick restoration of capital as firms rediscover pricing power. It’s a fantasy, some analysts say.

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