September 16th, 2010

Chart: At Monte Carlo Rendez-Vous, Chris Klein on Modest Adverse Reserve Development

Posted at 1:00 AM ET

Chris Klein, Director of Reinsurance Market Management
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In his presentation at the Guy Carpenter Monte Carlo Rendez-Vous Press Briefing, Chris Klein spoke about reinsurance pricing. Factors that could put upwards pressure on pricing continue to lurk in the wings. Support from reserve releases appears to be waning and Guy Carpenter’s analysis of statutory data for the U.S. property/casualty industry already reveals modest adverse development for the 2008 accident year in 2009.

klein-mc-loss-reserve

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