"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: http://www.ey.com/GLOBAL/content.nsf/International/Insurance_Overview and click on the US property/casualty link.