Loading LiveCycle Banners.
  1. News Articles
  2. Related News Articles
News Article Details

Ernst & Young Sees a Transitional Environment Ahead for US Property and Casualty Insurers in 2009

Back | A- | A+
 Email This     Print     Subscribe

Posted on 06 Feb 2009

In 2008, the impact of the financial crisis on the US property/casualty (P/C) insurance industry has been isolated, sparing the industry from serious impairment. Still, the outlook for 2009 includes greater risks to the industry from continued volatility, according to the Ernst & Young Global Insurance Center's US property/casualty industry outlook for 2009.

"Those insurers with strong leadership and financial flexibility will be poised to move forward in this unstable market," said Peter R. Porrino, Global Director of Insurance, Ernst & Young's Global Insurance Center. "Insurers will need to address a wide range of risks, including continued volatility in investment and underwriting performance, a potentially active mergers and acquisitions (M & A) market and a more rigorous regulatory landscape. Looking ahead, this may be the beginning of a transitional, if not transformational, environment for the industry."

For the complete report, go to: and click on the US property/casualty link.


Post a Comment
If you are a Storefront / Tradingfloor user, click here to login.
Note: As a guest user, please fill out the form below to post a comment.
Post your comments here.
Name :
Email Address :
Captcha :
Comments :
Character left : 2000