Ratings in the European insurance sector are predominantly stable, according to a report–"Industry Report Card: European Insurance"–released today by Standard & Poor's Ratings Services' London office.
Despite continuing debates about defining appropriate measures of earnings and capital, balance sheets are healthy and profitability for most groups is good, S&P said.
"An ability to demonstrate that this situation is sustainable is likely to lead to more positive outlooks and upgrades across the sector during 2006," said S&P's credit analyst Hans Wright.
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