CRE-Related Losses Could Top $19 Billion for Life Insurers
Despite a declining outlook for all U.S. CMBS property types and escalation of losses, the U.S. life insurance sector should be able to manage its exposure to commercial real estate-related losses in the near to intermediate term, according to Fitch Ratings in a new report... However, in some cases, Fitch said it believes life insurer ratings may be downgraded due to the added pressure on capital and earnings from CRE-related losses, when taken together with losses on other asset classes and products... Costar: CRE-Related Losses Could Top $19 Billion for Life Insurers