Allianz latest to reveal Lehman exposures
Allianz SE is the latest insurer to reveal its exposures to Lehman Brothers following the investment bank's recent collapse.
A spokeswoman for Allianz SE confirmed that the insurer faced about €400m of potential losses on investments related to the US banking firm. However, she stressed the potential losses were not critical and represented about 0.1% of assets.
Aviva and Axa have already revealed significant exposures to the fallout from Lehman Brothers and the near-collapse of AIG.
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