Question hangs over results
Several insurer chief executives were being coy with me over the amount of reserve releases propping...
Several insurer chief executives were being coy with me over the amount of reserve releases propping up their latest results, though perhaps they can be forgiven given the exceptional economic context. With AIG and some of our largest banks making spectacular losses, the results are relatively reassuring, though let's hope that insurers are putting plenty in the pot because this year they are going to need it more than ever.
Axa, for example, had a torrid time in 2008 in its commercial book, with
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