SOURCE: Rothman Research

Rothman Research

March 22, 2010 09:00 ET

Financial Industry, Still Coming Out From the Economic Bubble Burst

JOHANNESBURG, SOUTH AFRICA--(Marketwire - March 22, 2010) -   -- www.rothmanresearch.com -- Many 'corporate dramatis personae' within the insurance industry have been compelled to absorb huge amount of write-downs as the tumult in the financial sector continues to craft an exceedingly testing milieu for the industry in the U.S. "Even if we've seen unprecedented government intervention in this industry to rescue AIG, at the risk of marginalizing free market philosophies and beliefs, we can still grasp a lot of tension as many industry players are still either on the wayside or struggling", commented Jack Benassi, senior analyst at www.rothmanresearch.com, "This dire tendency is anticipated to persist at least through the first half of 2010... with a probability of progress in the second half of the year should the health of the economy recover at an accelerated pace."

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Slight beaming in the health of credit and equity markets made way to curtailing in the unrealized investment losses for the coming quarters, leading to a decline in the premium rates at a modest pace. A reduction in the financial flex and the bleak underwriting reserves are adding to the present tensions. Two such companies in focus today are American International Group Inc. (NYSE: AIG) and the Travelers Companies Inc. (NYSE: TRV). Direct & free downloadable reports of the intensive research are available by signing up now at http://www.rothmanresearch.com/article/aig/23376/Mar-22-2010.html or http://www.rothmanresearch.com/article/trv/23377/Mar-22-2010.html 

Even though AIG's year-over-year results continue to be tempered by the slow economy and efforts to repay the U.S. government, as it struggles to find its feet more than a year after its $182.3 billion rescue along with loss of reserves.

During the fourth quarter, AIG fortified the General Insurance business with the loss reserves by $2.3 billion. Way back in September 2008, in turn for $85 billion in backup of, AIG, it turned out a 79.9% holding in the company with a trust crafted for the benefit of the U.S. Treasury.

In the fourth quarter the Domestic Life Insurance & Retirement Service, restructured as the SunAmerica Financial Group, made acclaimed changes in their progress in re setting the relationships and maintaining sales distributions. The Group is planning to come up on the front of its stature as the most respected group in the world, with a sturdy U.S. life and annuity operation with an array of other businesses as well. Sign up today at http://www.rothmanresearch.com/index.php?id=6&name=Register to access the full report on this company.

The Travelers Companies Inc. is a holding with subsidiaries. The group is mainly in to providing commercial, and personal property and casualty insurance products and services related to the businesses, government units, associations. The Company has evolved in three business segments: Business Insurance; Financial, Professional & International Insurance, and Personal Insurance.

The Business Insurance segment fleet offers the property and casualty insurance, and other insurance-covering services to its clients in United States. The array of financial and professional Insurance segment wrapping up the certainty and financial liability includes the credit-based processes. Register now at http://www.rothmanresearch.com/index.php?id=6&name=Register to view the full report on this company.

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