World Insurance Report
AM Best warns on reserves
After XL Capital's unexpected reserve charge of $191mn, the agency warned that more reinsurers may have to augment their reserves for the 1997 to 2001 period
AM Best warns on reserves
AM Best has quickly followed up its warnings over US reinsurers' reserve adequacy by placing the financial strength ratings
of
Munich Re (A+) and its
American Re subsidiary (A) under review with negative implications. These actions were precipitated by
Munich Re's disclosure that it was to conduct a thorough review of
American Re's reserves and by a meeting with the company, AM Best stated.