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doyoueventradebro
@doyoueventradebro
1Mo·

why are (re)insurers falling so sharply?

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6 Commentaires
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NichtRelevant@NichtRelevant
1Mo
I think there are two points:

1) The news about the cost of the wildfires in California.

2) Everyone (not me) seems to think that the worst of the tariffs and the trade war is over after the talks between the US and China in Geneva. Defensive stocks such as reinsurers are being sold again and shifted into growth and tech stocks.

I wouldn't worry too much. Reinsurers are a long-term investment. If there are a lot of claims, insurance premiums will be increased in the next round.
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Johnny B.@JBatelli
1Mo
Munich Re recorded a significant fall in profit in the first quarter due to the losses from the wildfires in California.
As a result, net profit halved in the first quarter to €1.09bn (previous year: €2.12bn). However, they are sticking to their forecast for the year.

Hannover Re is coping relatively well with the forest fires. Nevertheless, net Group profit falls by 13.9% compared to the previous year.
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EN-SX@en-sx
1Mo
I used this to top up $MUV2. I was planning to anyway.
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TotallyLost@TotallyLost
1Mo
A meteorite has just hit Berlin, a heavy blow for reinsurers but a blessing for humanity. 🤣
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Nichtnils@Bricknils
1Mo
Why hard?
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doyoueventradebro@doyoueventradebro
1Mo
@Bricknils well, relatively steep sell-off yesterday and today. couldn't find any info why. can imagine that there was a shift into riskier stocks...
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