European reinsurer reserves remain strong despite deterioration: KBW

In recent years, spurred on, no doubt, by a heady cocktail of heavy catastrophe losses, loss creep from these losses, and ever greater worry about long-tail casualty risk finally starting to bite, the doom-mongers in the market have raised concerns about the reserve adequacy of some of the major carriers. But as far as the major European reinsurers are concerned, the reality would appear to be quite different, with no need to panic – yet.