Insurance survey 2009: Insurers take cover to avoid capital crunch

The demise of AIG has inflicted an identity crisis on the insurance industry. But insurers face exposure to distressed assets, accounting and valuation issues and a potential shortage of capital. Sounds familiar? Helen Avery reports on how insurers believe they will avoid the same fate as the banks.

Insurers take cover to avoid capital crunch

Insurance survey: Global results

Insurance survey: Full results

Insurance survey: Use of alternative risk transfer

Insurance survey: Methodology

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MOST LEADING INSURERS say they have little in common with the failed financial institution that AIG became. They’re right. But leading insurance executives should be more concerned about differentiating the industry from a banking sector in crisis.

In February, UK hedge funds Lansdowne Partners, and Odey Asset Management went short UK insurers. Lansdowne took a short position in Prudential worth about £10.5

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