Too early to hold positive stance on European reinsurance sector: RBC Capital
Posted On: Oct. 21, 2016 5:32 AM CSTAnalysts at the U.S.-based investment banking firm RBC Capital Markets L.L.C. believe that it is too early to hold a positive stance on the European reinsurance sector, despite reports of rate reductions slowing and even stabilizing in some reinsurance lines. They believe rates are expected to continue declining into 2017 and the potential for catastrophe losses persists, Artemis.bm reports.