While the excess-and-surplus-lines sector is maintaining goodprofitability and strong balance sheets, challenges from highcatastrophe exposures and low interest rates remain, says a reportfrom Moody's Investors Service.
“Collectively, E&S companies reported an underwriting lossin 2011 due to the high level of catastrophes,” says the report,citing last year's earthquakes, tsunamis, floods and severestorms.
But Moody's says that even with current challenges, E&Sinsurers are expected to continue to generate top-line growththrough product innovation and development.
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.
