European Reinsurers Have Risk Filled Summer Ahead: Citi

The reinsurer business is an interesting one. Investors buying the equities are betting that major disasters will not happen, or at least not happen at a great enough scale to cost the business too much money. As we head into storm season, now is an important time to look at the business and how it will perform in the months ahead. In a report on the reinsurer business in Europe entitled “The Calm Before The Storm,” Citigroup Inc. (NYSE:C) analysts think that though reinsurers look quite strong in the medium term, investors should be cautious about the industry in the…