Analysts Foresee Reserve Pops For ACE, St. Paul Travelers
In two separate research reports last week, analysts predicted reserve boosts this year for ACE Ltd. and The St. Paul Travelers.
For ACE Ltd., Lehman Brothers is forecasting that a comprehensive asbestos study planned by the Bermuda-based insurer will result in a $400 million reserve strengthening, pretax, by the company later this year.
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