Price gains achieved by reinsurance underwriters are likely to prove generally more sustainable than those achieved by property and casualty (P&C) insurance carriers, but margin gains may prove lower due to the unique pressures reinsurers face, according to Morgan Stanley analysts.
Rates and pricing have been on the rise across P&C insurance and reinsurance lines of business, with the hardening first seen and perhaps most vigorously experienced in the US P&C space.
