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Published Tuesday - April 16, 2024

Time-Tested Loss Reserving Methods Challenged: AM Best

April 16, 2024

Reflecting on one of the trends that surfaced as property/casualty insurers announced 2023 financial results recently, AM Best expects reserve strengthening for accident years 2015-2019 to continue, the rating agency said in a new report. As companies “finished reporting their results for fourth-quarter and full-year 2023, the numbers and the stories behind them indicate worsening … Continued

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Published Monday - January 29, 2024

Reinsurance Market Likely to Begin Softening in 2025 as Capacity Rises in 2024: Fitch

January 29, 2024 By L.S. Howard

Reinsurers’ underwriting margins are expected to peak in 2024 on the significant price rises and tighter terms and conditions achieved during 2023 and in the January 2024 renewals, which will likely lead to softer market conditions in 2025, according to a report from Fitch Ratings. Strong returns and rising risk appetite will increasingly attract additional … Continued

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