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Property/Casualty Insurers Maintain Financial Strength Despite A Weak Economy Jul 10
Standard & Poors, July 2010
Abstract
Over the past several years, property/casualty (P/C) insurers and reinsurers have demonstrated that despite a track record of resilience, they are not immune to financial troubles that affect the overall economy. The P/C insurance sector suffered from sharp declines in asset values resulting from weak investment conditions and other difficulties in the financial markets, but generally to a lesser degree than other sectors. Nevertheless, Standard & Poor's Ratings Services believes that P/C insurers emerged strong from this turmoil because they had built up significant capital buffers during periods of favorable investment conditions and hard market pricing. Moreover, it is our view that the P/C sector remains financially strong and is relatively well positioned to handle any future investment volatility. P/C...
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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