In bonus news:

A.M. Best issued a statement maintaining its negative outlook for the global reinsurance sector and the U.S. property/casualty industry’s commercial lines segment. The commercial lines outlook reflects A.M. Best’s ongoing concerns from potential adverse loss-reserve development, low investment yields and a moderation in commercial lines pricing. This segment’s negative outlook was initiated in 2011 and signals A.M. Best’s continued concerns for those commercial lines insurers that have yet to recognize loss reserve deficiencies on their balance sheets and the fact that current pricing levels, as well as reserves, may not be supportive of future loss-cost trends.

Read the entire statement here.

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