Spain’s non-life insurers maintain stable AM Best outlook amid Covid-19

The Spanish non-life insurance market has retained a stable outlook under AM Best’s analysis that found it has shown resilience to political turbulence and slowing economic growth. The ratings agency said Spanish insurers have conservative investment portfolios that can bear recent volatility in financial markets following Covid-19. However, it expects financial market turmoil in Q1 2020 to cause unrealised investment…

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