Hurricane Milton Presents Acid Test for European Speciality Insurers -- Market Talk

Dow Jones10-09

1134 GMT - Hurricane Milton has the potential to result in a $60 billion industry loss, which could be manageable for European speciality insurers and reinsurers as the sector is keen to demonstrate its strong earnings resiliency, RBC Capital Markets says in a research note as the storm threatens Florida's coast. The market seems to be pricing in an impact similar to 2022's Hurricane Ian, analysts say. Given there were no large events in 2023, Hurricane Milton will be the first real test to the sector's better reinsurance contract terms, broader earnings diversification and bigger reserve buffers, which should put it in a better position. "There is ample scope to take a bigger hit before capital returns are threatened, although this would be accompanied by an even stronger pricing reaction at next year's renewals," they add. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

October 09, 2024 07:34 ET (11:34 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2474246508?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-09 19:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2474246508","market":"fut","top_or_hot":-1,"title":"Hurricane Milton Presents Acid Test for European Speciality Insurers -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1134 GMT - Hurricane Milton has the potential to result in a $60 billion industry loss, which could be manageable for European speciality insurers and reinsurers as the sector is keen to demonstrate its strong earnings resiliency, RBC Capital Markets says in a research note as the storm threatens Florida's coast. The market seems to be pricing in an impact similar to 2022's Hurricane Ian, analysts say. Given there were no large events in 2023, Hurricane Milton will be the first real test to the sector's better reinsurance contract terms, broader earnings diversification and bigger reserve buffers, which should put it in a better position. \"There is ample scope to take a bigger hit before capital returns are threatened, although this would be accompanied by an even stronger pricing reaction at next year's renewals,\" they add. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 09, 2024 07:34 ET (11:34 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hurricane Milton Presents Acid Test for European Speciality Insurers -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHurricane Milton Presents Acid Test for European Speciality Insurers -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-09 19:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>1134 GMT - Hurricane Milton has the potential to result in a $60 billion industry loss, which could be manageable for European speciality insurers and reinsurers as the sector is keen to demonstrate ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SCRYY","symbol_name":"SCOR","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2474246508","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474246508","pubTimestamp":1728473640,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1134 GMT - Hurricane Milton has the potential to result in a $60 billion industry loss, which could be manageable for European speciality insurers and reinsurers as the sector is keen to demonstrate its strong earnings resiliency, RBC Capital Markets says in a research note as the storm threatens Florida's coast. The market seems to be pricing in an impact similar to 2022's Hurricane Ian, analysts say. Given there were no large events in 2023, Hurricane Milton will be the first real test to the sector's better reinsurance contract terms, broader earnings diversification and bigger reserve buffers, which should put it in a better position. \"There is ample scope to take a bigger hit before capital returns are threatened, although this would be accompanied by an even stronger pricing reaction at next year's renewals,\" they add. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SCRYY":"SCOR","BK4019":"再保险","MURGY":"Muenchener Rueckver Ges","HVRRY":"Hannover Re"},"translate_title":"飓风米尔顿给欧洲专业保险公司带来严峻考验——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HVRRY":0.9,"MURGY":0.9,"SCRYY":0.9},"content_text":"1134 GMT - Hurricane Milton has the potential to result in a $60 billion industry loss, which could be manageable for European speciality insurers and reinsurers as the sector is keen to demonstrate its strong earnings resiliency, RBC Capital Markets says in a research note as the storm threatens Florida's coast. The market seems to be pricing in an impact similar to 2022's Hurricane Ian, analysts say. Given there were no large events in 2023, Hurricane Milton will be the first real test to the sector's better reinsurance contract terms, broader earnings diversification and bigger reserve buffers, which should put it in a better position. \"There is ample scope to take a bigger hit before capital returns are threatened, although this would be accompanied by an even stronger pricing reaction at next year's renewals,\" they add. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 09, 2024 07:34 ET (11:34 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474246508"}