Insurance executives mixed on recession outlook — GSAM survey
Half of insurance company executives see the U.S. entering a recession in the next two to three years and credit quality deteriorating, but they still have a zeal to increase credit risk, according to Goldman Sachs Asset Management's 13th annual global insurance investment survey. The survey of 359 global senior investment and finance professionals in the insurance industry shows 50% believe the U.S. will enter a recession in the next two or three years, although that sentiment varies by region....