European non-life sector faces further economic uncertainty

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      <subfield code="a">European non-life sector faces further economic uncertainty</subfield>
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      <subfield code="a">The Eurozone financial crisis continues to be among the most significant challenges facing insurers, although capital is strong for the European primary insurance market. A.M. Best has taken negative rating actions on several European insurers. Downgrades have been attributed primarily to companies'exposures to Italian and Spanish sovereign debt and Eurozone financial institutions. The operating enviroment for Eurozone insurers differs markedly, although those based in certain countries display notable characteristics</subfield>
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