Outlook 'subdued' for UK life companies

New research from Fitch Ratings suggests UK life insurers' earnings will remain depressed as they deal with the impact of the recession. As a result, the agency's negative credit ratings outlook for the UK life sector remains in place. However, there is a glimmer of hope for the sector as regulatory capital positions have proved resilient. Fitch also says for some life companies there are signs of a possible bottoming out of the sales slump if figures for Q2 are compared to those from Q1. "Sales have fallen across the market as consumers have cut back on purchasing insurance and sa...