Top 10 average shows position turned bad in Q2 2009
Reserve releases have helped to support insurers’ profitability levels over the past three years, but now they’ve run out. German outfits Allianz and Munich Re look to be among the most prudently positioned, while the situation is improving for Aviva, RSA and, arguably, QBE. But the top 10 weighed average chart shows that overall reserves are running low. AIG, RBSI and Everest Re are all in a phase of paying in.
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