UK Insurers with Lehmans exposure named
There are three UK listed insurance companies with direct exposure to US debt through substantial fixed-annuity books – Aviva, Prudential and Old Mutual – according to Keefe, Bruyette and Woods.
Of the three Old Mutual’s book is a notch below in credit quality and has an overweight position in the debt of US financial institutions, the financial analyst continued.
“We have been able to
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