Dwindling reserves could put pressure on profitability says Moody's
The pace of reserve releases for non-life European insurers will continue to slow into 2013 as the effects of the general market downturn from 2005-09 continue to play out, according to Moody's.
In the report entitled: "European Insurance: Reduced Reserve Releases Will Add to Profitability Pressures" the ratings agency said seven consecutive years of reserve releases raised questions as to
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