S&P: Competition Hurts German P-C Insurers
NU Online News Service, Aug. 20, 3:30 p.m.EST?Standard & Poor's Ratings Services said today thatit is maintaining a negative outlook on the Germanproperty-casualty sector, but that flood claims in Europe are notthe cause of the rating agency's concern.
The negative outlook mainly reflects concerns over thesustainability of rate increases in the German motor market and aweakening of investment returns in global and domestic equitymarkets, S&P said.
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