Report says P/C firms have sufficient capital for 2009

Standard & Poor's says P/C firms can expect to have enough capital in 2009, but market conditions may make it harder to find capital in the long term, undermining the sector's financial stability. The report says a firm "with significant credit risk or equity concentrations in its capital structure will likely be strained" as the recession wears on. The report concludes that risk management will be key to P/C companies maintaining a healthy financial outlook moving forward.

View Full Article in:

PropertyCasualty360 · Business Insurance (tiered subscription model)

Published in Brief: