SSREF - Lower Cats Higher Attrition Man-Made Losses And Creep To Dent Q1: Goldman Sachs
Even though large catastrophe losses were under the long-term average for the first quarter, there is a chance that insurance and reinsurance firms have their Q1 results dented anyway due to an expectation of higher attritional weather claims, impacts from a number of man-made loss events and ongoing loss creep.
While the impacts of attrition to property policies and more man-made loss events are a definite threat to insurance and reinsurance firm profits for the first-quarter of 2019, they can also spill over into some attritional impacts to insurance-linked securities' ((ILS)) returns.
With quota shares