Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018
Reserve trends diverge at US and Bermuda carriers
- 6 February 2018
Looking at carriers that have reported so far, fourth quarter reserve releases were flat at an aggregate level at around 3.3 percent of total net earned premiums.
Though a small sample size, the initial data points to more pressure at Bermudians and better trends at US carriers.
On a year-on-year basis, Bermudians stood out as XL Catlin, Validus and RenaissanceRe posted some of the biggest declines in contributions.
At RenRe, the combined ratio for Q4 2016 benefited from 24.9 points...
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