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March 20, 2003 at 07:00 PM
NU Online News Service, March 20, 2003, 11:24 a.m. EST – The French life insurance industry looks stable, thanks to a stable operating environment and the insurers’ emphasis on investing in high-rated bonds, according to a market review from the Paris office of Moody’s Investors Service.
Life insurers in many European countries have been quicker than U.S. life insurers to invest in stocks. Now that world stock markets have slumped, the rating agencies have worried about the effects of investment losses on the insurers’ solvency.
