Net reserve releases by insurers may boost their earnings in2006 for the first time in several years, said one leadingproperty-casualty insurance analyst.
Morgan Stanley analyst William Wilt wrote this morning that“volatile loss reserves, long a thorn in the side of insuranceinvestors, appear to have passed the tipping point in 2006.”
“Chronic deficiencies have likely turned to redundancies formost companies and earnings in 2006 may actually receive a boostfrom net reserve releases rather than face a headwind from reserveadditions,” he wrote.
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