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U.S. Commercial Lines Insurance 2010 Midyear Outlook: A Tepid Economy Weighs On The Sector Jun 10
Standard & Poors, June 2010
Abstract
The global economic downturn hurt U.S. commercial lines property/casualty insurers as it did companies in most other sectors. Similarly, commercial lines insurers have reaped some benefits from the economic recovery so far. However, these companies are still facing the same problems they had before the economic crisis began, chief among them relatively low premium rates and weaker investment earnings. As a result, Standard & Poor's Ratings Services is maintaining its negative outlook on the commercial lines sector of the U.S. property/casualty industry, which it has had since August 2008. A negative sector outlook indicates that we expect more downgrades than upgrades over the next 12 months. The cumulative effect of three years of rate decreases and lower demand, which has...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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