Analysts expect full year results reserving hits to keep on coming
Casualty has eaten into 2023 insurer results, as carriers experience adverse reserving pressure in a post-pandemic landscape.
The pinch is unlikely to be limited to insurers that have already reported, with analysts anticipating that other carriers are likely to find themselves facing a costly rethink.
Markel, AXIS Capital, and Selective Insurance have yet to fully recover from post-result