Portuguese Insurance Industry ?Stable': Moody's

NU Online News Service, Feb. 24 2:18 p.m. EST?Portuguese insurers, all owned by banks and foreign insurers, are showing improved solvency and underwriting results and have a stable credit outlook, according to Moody's Investors Service London office.[@@]

The overall outlook also reflects expense reduction initiatives, tightened claims controls and higher premiums, Moody's said in its new Industry Outlook on the sector.

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