With Q1 results kicking off on Tuesday with Chubb, Travelers, WR Berkley, and RLI, we see the set-up in P&C as skewed to the downside for the foreseeable future.
Recent news flow from Hiscox and QBE highlights some of the risks of investing in insurance companies at a time of crisis, even if valuations look “cheap” and your time horizon is long.
