Despite underwriting results holding up well and the combined ratio for the sector at a very good 94.3 percent on average for the second quarter, the outlook for the P&C sector remains challenging, according to Keefe Bruyette & Woods (KBW).

The investment bank released its report, “2Q12 P&C Review: A Group Under Pressure,” stating the Q2 combined ratio is significantly better than the prior-year quarter’s 104.4 percent, which was marred by losses in the Japan quake and bad weather in the United States. This quarter experienced some loss events in the mid-Atlantic and in the central United States, resulting in 4.3 percent of cats, but KBW characterizes these as typical for a Q2.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access