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Analysts Question True Hard Market for Commercial Lines P&C
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Overview
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Bank of America Securities analysts believe that it is difficult to claim a true hard market for commercial lines of property & casualty (P&C). They expect margins to expand in reinsurance as the hard market continues, but volumes may disappoint. The outlook for 2024 is expected to be stronger, with further hardening of personal lines pricing and continuation of hard market trends in reinsurance.
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How might the disappointing volumes impact the industry's underlying profitability?
What are the potential consequences of further hardening of personal lines pricing?
What factors contribute to the doubts about a true hard market for commercial lines P&C?
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