Insurers heavily exposed as Enron unwinds

Insurers heavily exposed as Enron unwinds

Headline: Insurers heavily exposed as Enron unwinds Source: EuromoneyDate: January 2002Author: Nick Evans Enron: who knows what skeletons will emerge? The collapse of Enron has numerous implications for the insurance industry, not least on the credit risk side. But identifying them, let alone quantifying them, is not proving to be an […]

Headline: Insurers heavily exposed as Enron unwinds
Source: Euromoney
Date: January 2002
Author: Nick Evans







Enron: who knows what skeletons will emerge?

The collapse of Enron has numerous implications for the insurance industry, not least on the credit risk side. But identifying them, let alone quantifying them, is not proving to be an easy task – either for the insurers themselves or for the analysts who cover them.

Insurance companies have moved strongly into the credit derivatives business in recent years – writing credit default swaps in particular – and multiline insurers have also moved into the credit enhancement business, which was formerly the preserve of monoline financial guarantee companies such as FSA, MBIA and Ambac.

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Insurers heavily exposed as Enron unwinds

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