S&P warns of "mounting pressure" on global insurers
The credit quality of global multi-line insurers is generally sound, despite a downward trend over the past four years, Standard and Poor's said today.
However, while ratings in the sector remain in the lower 'AA' to upper 'A' range, several carry negative outlooks as the ratings agency anticipates mounting pressure on GMIs over 2013 and 2014.
Increa
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