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Economic Troubles To Spur Consolidation

Speaking during an Ernst & Young teleconference, "Financial Crisis And The Insurance Industry," Robert W. Stein, global director of Actuarial Services, Ernst & Young LLP, said weaker companies will li

By Phil Gusman | Updated on November 24, 2008

The insurance industry can expect some consolidation going forward, as big companies get bigger and weaker companies struggle to survive the current economic challenges, an expert said today.

Speaking during an Ernst & Young teleconference, “Financial Crisis And The Insurance Industry,” Robert W. Stein, global director of Actuarial Services, Ernst & Young LLP, said weaker companies will likely not survive going forward, and that will lead to increased consolidation in the industry.

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