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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> economic uncertainty

Life/Annuity sector may be downgraded: A.M. Best

Posted by RJ and Makay on Jul 26, 2011

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A.M. Best Co. is becoming increasingly concerned with the escalating level of global economic uncertainty the past few months and is considering a rating revision, from stable to negative, for the U.S. Life/Annuity insurance sector. Much of the concern stems from continued economic weakness in European countries and the unresolved debt crisis in the United States, which have elevated the risk profile of life insurers, A.M. Best says.