Editor's Note: This article originally appeared in National Underwriter, P&C.
On the heels of Fitch Ratings' negative analysis of the insurance industry's near-term future, an analyst with Celent said he is even more pessimistic about the industry than Fitch.
In an interview with National Underwriter, Mike Fitzgerald, senior analyst with Celent, a Boston-based financial research and consulting firm, said he is more negative when it comes to rating the P&C insurance industry, saying that the issue with this soft market cycle is "too much capacity. That's the problem."
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
