Standard & Poor’s cites various reasons why global insurance companies could face financial rating downgrades in the year ahead
Poor investment returns and big exposures to sovereign debt are just two reasons that large insurance companies could face ratings downgrades in 2012, according to Standard & Poor’s (S&P).
Market volatility, weakening investment returns, sovereign debt exposures, the slowing economy and low investor confidence are the main constraints on insurance companies, warned a new assessment from the rating agency.
These factors may lead S&P to take negative rating actions on some insurers in 2012 and 2013, particularly in Europe.
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