Friday, February 27, 2009

 

S&P cuts 10 life insurers on higher loss assumptions

Standard & Poor's on Thursday cut its ratings on a slew of life insurers, including Metlife Inc and Hartford Financial Group, after it increased its loss assumptions for certain securities in relation to the insurers' capital adequacy...

Other insurers that were cut include [Hartford, Genworth Financial, Prudential Financial,] Americo Life Inc, Conseco Inc, Lincoln National Corp, Midland National Life Insurance Co, Pacific LifeCorp, Protective Life Corp, Security Mutual Life Insurance Co. of NY and Symetra Financial Corp...

Reuters: S&P cuts 10 life insurers on higher loss assumptions

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