Rating outlooks this year for a group of global multiline insurers examined by Standard & Poor's are mostly stable despite tough competition and other challenges they face, the rating service said.
The firm's analysis came in a report published today entitled "Industry Report Card: Global Multiline Insurers Set To Ride Out Volatile Industry Conditions And Regulatory Changes In 2008."
Karin Clemens, S&P credit analyst, said, "Management teams face the challenge of juggling top-line growth and profitability considerations at a time when competition is intense, the financial markets are particularly volatile, and the macroeconomic outlook is deteriorating."
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