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Member, Beacon International Group, Ltd.
A.M. Best Co. Inc. said that eurozone insurers are well positioned to withstand volatility around a potential Greek exit from the eurozone, reports Reuters.
"The greatest risk facing the European insurance industry lies in the general instability of the Eurozone area and the potential contagion to other countries," said the rating agency.
Although European insurers have operations or subsidiaries in Greece, "there is no meaningful presence that is likely to have a significant drag on earnings at group level," added Best.