2008 is proving to be a testing year for global multiline insurers (GMIs). Management teams face the challenge of juggling top-line growth and profitability considerations at a time when competition is intense, the financial markets are particularly volatile, and the macroeconomic outlook is deteriorating. At the same time, GMIs have to keep abreast of key changes in regulation and financial reporting around the world as globalization causes accounting and regulatory requirements to converge. The rating outlooks for nine out of the 11 groups covered under this report are stable, reflecting Standard & Poor's Ratings Services' view that GMIs are generally well positioned to cope with more difficult operating and financial market conditions, while maintaining strong financial performance and sound capitalization....
Companies mentioned in this report are:
- American International Group Inc.
- Zurich Insurance Co. Ltd.
- AEGON N.V.
- Chubb Ltd.
- Allianz SE
- ING Groep N.V.
- Assicurazioni Generali SpA
- XLIT Ltd.
- QBE Insurance Group Ltd.
- Aviva PLC
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. SHOW LESS READ MORE >