Guy Carp predicts possible adverse reserve development in US

Reinsurance broker Guy Carpenter has warned that US carriers may
be forced to strengthen reserves for accident years in the
"near future" as the reserving cycle threatens to
turn.
In its annual Insurance Risk Benchmarks Report, the intermediary
said analysis of the development of US accident-year ultimate net
loss ratios over more than a third of a century suggested a trend
where insurers might bolster reserves for the current accident
year.
Guy Carpenter said that during the 30-year period a...