A.M. Best has maintained its stable outlooks on the P&C, life and reinsurance industries, despite many significant and persistent economic challenges.
The majority of rating actions in 2013 for personal P&C lines insurers are likely to be affirmations, according to A.M. Best. However, that optimism is counter balanced by the company’s continuing negative outlook for the commercial P&C lines, based on an expectation of “competitive market conditions, less-favorable loss reserve development, depressed investment yields and sluggish economic growth.” The global reinsurance segment continues to be stable, the company said, supported by strong risk-adjusted capitalization, judicious enterprise risk management practices and stable pricing across business classes.
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