NU Online News Service, Feb. 24, 2:39 p.m. EST
Despite many insurers suffering operating losses in 2011, excess capital remains throughout the industry, and analyst firm Keefe, Bruyette & Woods says it is likely insurers will maintain that capital for 2012 growth opportunities rather than return it to shareholders.
In its latest "P&C Monthly Deductible" report, KBW says more than one-third of insurers it covers reported operating losses for 2011.
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