The general insurance industry has experienced limited impact from the credit crisis because of its limited exposure to subprime investments, and few carriers have received negative rating actions, a report from Willis brokerage said.
"The general insurance sector as a whole appears to have remained relatively isolated from the direct impact of the credit crisis so far," Sally Bramall, managing director of Global Carrier Management at Willis Group Holdings, said in a statement.
"Whilst there have been some notable exceptions, these have been companies that have stretched the boundaries of traditional insurance, assuming more of a 'financial superstore' structure," said Ms. Bramall.
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