Property/casualty insurers will likely announce solid reserve releases in 2015 but declining insurance premiums point to lower releases in 2016 and 2017, according to a report from investment analyst Keefe, Bruyette & Woods Inc.The analysis of the industry’s year-end 2014 reserves “points to industry-wide redundancies of $21.6 billion, or 3.6%,” said the report, “Insurance Property and Casualty, April 19, 2015: Is the Joy Ride Over? Solid 2014 Reserve Adequacy Points to Peak Releases,” released Monday. .“We’re at the point in the pricing cycle where rate adequacy is fading, leaving less excess cushion in loss picks,” the report said.
