In a new report, Keefe, Bruyette & Woods (KBW) anticipates P&C pricing pressures to remain modestly upward while investment incomes will continue to decline. Overall, the firm expects the P&C sector to have a strong Q3 earnings season, saying, “top picks are those we view to have stable reserves and the ability to show profitable growth such as ACE Limited, AXIS Capital Holdings, ProAssurance Corp. and PartnerRe.”

According to the report, U.S. commercial lines appear to be up in the 6-7 percent range and personal lines are rising in the 2-3 percent range. In terms of reinsurance, the report anticipates generally flat rates for January 1, including catastrophes lines, “despite what is shaping up to be a catastrophe-free year.”

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