U.S. Sen. Susan Collins attempted to clarify her amendment to the Dodd-Frank Act last week through statements to a Senate committee and the introduction of legislation, moves that Moody's says is credit positive for systemically important insurers.
U.S. Sen. Susan Collins attempted to clarify her amendment to the Dodd-Frank Act last week through statements to a Senate committee and the introduction of legislation, moves that Moody's says is credit positive for systemically important insurers.
S&P says it believes overall property and casualty reserves are adequate, and does not believe that recent reserving troubles at QBE Ltd., Tower Group International, and Meadowbrook Insurance Group are indicative of an overall trend for the industry.
The 2014 outlook for the global P&C industry is stable thanks to expected premium growth from the economic recovery and stable-to-rising penetration rates, says Moodys Investors Service.