Rating agency analysts believe prior-year loss reserve takedowns will continue to outpace reserve additions in 2013. In fact, A.M. Best’s lead rating officer thinks reserve additions won’t emerge until 2015—delaying a truly hard market.

Executive Summary

A.M. Best's lead rating officer believes that loss reserve charges won't emerge until 2015—delaying a truly hard market.

Matt Mosher, senior vice president and chief rating officer, shared his view with CarrierManagement.com, highlighting reserve changes as one of the issues underlying the rating firm’s negative outlook for the commercial lines segment the property/casualty insurance business.

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