Insight and Intelligence on the London & International Insurance Markets

25 February 2018

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Q3 wrap: reserve contributions and expenses

Iulia Ciutina 5 December 2017

Reserve contributions continue to decline

Weaker favourable prior-year development was again a feature in the third quarter results for most carriers in our analysis.

Two of the 14 P&C (re)insurers in our coverage had to strengthen reserves in the period, namely Navigators and RenaissanceRe.

Click to enlarge Navigators surprised the market with $29.5mn of reserve strengthening, mostly in its primary professional liability and P&C operating segments, adding 9.8 points to the carrier's Q3 combined ratio.

This contrasted with the prior-year...

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This article was published as part of issue December 2017/1

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