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Insurers have $22bn in surplus reserves – Aon Benfield
The US insurance industry has $22bn of redundant reserves, up from $21.9bn at the end of 2009, according to a study by reinsurance broker Aon Benfield. The increase comes despite reserve releases of $10.5bn during 2010. Of the total level of redundancy, $6.5bn is in personal lines, $1.5bn in commercial ...