The New Masters of Risk? How insurers are testing out their capabilities in finance
The New Masters of Risk? How insurers are testing out their capabilities in finance
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Martin Sullivan, CEO, AIG |
INVESTORS IN GLOBAL insurance stocks shuddered in February when auditors at AIG, the industry leader, announced that they had discovered a material weakness in the way the company valued credit default swaps. Just a few months earlier, AIG had suggested that it might take a write-down of a little over $1 billion on its credit portfolios.
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