In a "dramatic" shift for the property-casualty insurance industry, some major insurers over the next few years will see their large share of the marketplace chipped away, a securities brokerage is predicting.
That forecast came in the Keefe, Bruyette & Woods fourth-quarter preview of earnings for the p-c sector.
The firm said "the most important theme over the next several years will be dramatic share shift in the industry." And, KBW believes, American International Group "in particular appears likely to lose share, but other industry leaders, such as XL Capital, also appear to be under attack."
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