NU Online News Service, Jan. 15, 5:45 p.m. – Increased acquisition activity will be critical to the stability of the life insurance industry this year, according to a forecast from Fitch Ratings Inc., Chicago.
Ratings often rise when strong carriers buy weak carriers, Fitch says
Fitch has adopted a stable outlook for life insurers for 2003, but, “if consolidation . . . does not materialize as expected, Fitch will consider returning to a negative rating outlook,” the company warns.