It appears that 2010 may be a fairly good year after all for U.S. life insurers. Rebounding from the financial crisis, insurers continued to hold large cash and cash-equivalent assets, notes A.M. Best, but during 2009, such amounts began to decline as companies sought higher yields that were needed to back life and annuity products.

A.M. Best issued its life insurance state-of-the-market report yesterday, on the heels of comments made by Doug Meyer, senior director, U.S. life insurance sector head at Fitch, who participated on a panel of experts at the Insurance Accounting & Systems Association’s (IASA) Executive EDGE conference in Oak Brook, Ill.

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