Weak technical results threaten profitability in French, German and UK motor
Motor insurers in Germany, the UK, and France face an uphill struggle for profitability and are unlikely to break even on their underwriting results for several years, according to a report by Standard and Poor’s.
The UK is unlikely to breakeven before 2012, while French and German insurers face an even longer wait, the ratings service said in its report.
S&P blamed competition in the mature markets of France
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