Post Tagged with: "insurance"
Chart of the day: Life insurers won’t meet nominal return targets
JPMorgan recently performed a study on the composition of portfolios managed by life insurance companies. The study looked at the top 20 life insurance firms using their regulatory filings. These are the portfolios set up to support projected policy claims. The reason it is important to measure the composition and the changes in such portfolios is that life insurance firms manage $1.9 trillion in assets. Here is the current breakdown
Ambac may file bankruptcy soon
Bond insurer Ambac Financial has warned bankruptcy is a distinct possibility, sending its shares plummeting more than 30% today. What is intriguing about this pending bankruptcy is how this company escaped bankruptcy in 2008, was downgraded continually in 2009, yet just reported billions in profit 5 days ago. Now it warns of bankruptcy? This story
MBIA and Ambac sued by LA
The lawsuits are piling up. America is a very litigious country and when things go wrong people sue. That’s one reason one should realistically expect the courts to be clogged with all manner of suits on bond insurance, auction rate securities, CDOs, predatory lending, and on and on. The latest in this string comes from