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Fitch upgrades US p/c industry outlook
08 September 2010
Fitch has revised its outlook on the US property/casualty insurance industry to stable from negative for both the commercial lines and personal lines companies.
Fitch has revised its outlook on the US property/casualty insurance industry to stable from negative for both the commercial lines and personal lines companies.
A stable outlook indicates that Fitch believes a vast majority of insurer ratings will be affirmed as they are reviewed over the next 12 to 18 months.
The change in outlook reflects Fitch's view that the industry withstood the recent financial crisis reasonably well, particularly in comparison with other financial services. While the property/casualty market suffered material reductions in capital in 2008, insurers benefited from the investment market recovery in 2009, which, coupled with improvements...
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