1100 GMT - The stock performance of European insurers is likely to be capped by soft market pressures and prevailing premium book value multiples, Keefe, Bruyette & Woods says. Pressures from increased capital and competition are poised to suppress profit margins, analyst Darius Satkauskas writes in a research note. The analyst also notes rising catastrophe bond impacts and weak underwriting performance. These factors suggest that future share price returns will be underwhelming, Satkauskas notes. Upcoming June/July renewals will feature a higher proportion of volatile catastrophe risks and could also disappoint, he adds. KBW raises Hannover Re to market perform and cuts Munich Re to underperform. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
June 09, 2025 07:01 ET (11:01 GMT)
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