UK life insurers upped their free asset ratios to an average of 14.8% in 1999, according to insura...
UK life insurers upped their free asset ratios to an average of 14.8% in 1999, according to insurance rating agency AM Best. AM Best based its analysis on figures provided in the 1999 FSA returns of UK life insurers covering 38 life offices, three of which were friendly societies, and noted an increase of 3.1% from the 1998 figure. Mike Hooton, senior financial analyst at AM Best, said the 1999 rise was largely a result of high interest rates and strong equity markets at the end of the year but current stock market volatility is now threatening the strength of the UK life insurance marke...
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