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canada goose clearance sale FRANKFURT, Sept 27 (Reuters) German insurers Canada Goose Outlet can manage a hit from uk canada goose the eurozone debt canada goose black friday sale crisis if the fallout is contained Canada Goose Parka to buy canada goose jacket the smaller countries, credit rating agency Standard Poor said canada goose coats on sale on Tuesday. canada goose clearance sale
canada goose Their exposure to Greece, Ireland and uk canada goose outlet Portugal is limited and manageable and while a widening canada goose uk black friday of the crisis to Spain and Italy could potentially dent the insurers credit canada goose ratings, this is not the central scenario, S analysts told a media briefing. canada goose
we see a widening of (interest rate) spreads for Spain and Italy but we still think the ratings are relatively stable. They big countries with the economic strength to manage their problems, said German insurance sector analyst Ralf Bender.
buy canada goose jacket don think Italy or Spain will get into a crisis situation and our ratings reflect that, Bender added. buy canada goose jacket
canada goose deals German Canada Goose online insurers are mainly invested cheap Canada Goose in German government bonds and their exposure to Greek sovereigns is close to zero, S said. canada goose deals
canadian goose jacket our Canada Goose Coats On Sale point of view, these writedowns have left no lasting trace in the profit and canada goose uk shop loss account or their capital strength, Bender said. canadian goose jacket
Canada Goose Jackets S has said that it expects a recovery rate of 50 70 percent on Greek government bonds, implying a haircut greater than the 21 percent canada goose factory sale expected under the international canada goose clearance agreement on private sector participation (PSI) in the Greek bailout which was struck in July. Canada Goose Jackets
canada goose clearance therefore don think it will stay at 21 percent, said Karin Clemens, analyst in charge of European insurance ratings at S adding that it remained to be seen what further steps politicians would need to take beyond the planned rescue package. canada goose clearance
canada goose coats However, even with S assumption of a more painful haircut, the impact on German haydar-furniture.com insurers capital is seen as manageable, S said. canada goose coats
canada goose store German insurers have also cut the share of equities in their asset allocation in reaction to share market canada goose coats declines in the financial crisis and now typically hold about 6 7 percent of their investment in listed companies shares. canada goose store
Canada Goose online S tested the resilience of insurers canada goose outlet to a canada goose store hypothetical stock market crash and found that even a 30 percent slump in share prices would not lead to a big deterioration in buy canada goose jacket cheap their capitalisation. Canada Goose online
canada goose coats on sale However, the insurers dependence on currently low yielding fixed income assets for investment income was keeping up the pressure on the sector, and finding investments with appropriate risk and yield was becoming Canada Goose Jackets an increasing challenge for insurers, the agency said. canada goose coats on sale
Canada Goose Outlet The low interest rate environment especially pressured life insurers, though S calculated that interest rates could remain low for at least another five years without endangering their ability to Canada Goose sale pay the legally guaranteed interest rate on life insurance policies. Canada Goose Outlet
S also said Canada Goose Online it saw a trend toward price increases in automobile insurance in Germany cheap canada goose uk but said the hikes would not canadian goose jacket be massive.
buy canada goose jacket cheap The car insurance market as a whole was likely to post an underwriting loss in 2011, with a combined ratio of costs and payouts to premium income of around 106 percent compared with 107 percent in 2010, the agency said. buy canada goose jacket cheap
cheap Canada Goose S maintains an average rating of on German insurers and said it expects credit quality in non life insurance to remain stable, while the life sector may see a downward trend over the next few years. (Reporting by Jonathan Gould; Editing by Greg Mahlich) cheap Canada Goose.