So – which is it ? AIG modestly acknowedges that it has maybe ‘misstated’ it’s esposure by a mere 5 billion but Fitch says they are exposed to 505 billion and, of that over 62 billion arises directly from the sub-prime mortgage mess – enquiring minds want to know
Who knows, maybe some asset depletion could do some good in the industry and bring some underwriting and pricing prudence back to the current softening market.
Here about the German Shepherd who went to work for the DBG? He took the low salary because he wanted to work where he knew he would be treated like a dog.
So – which is it ? AIG modestly acknowedges that it has maybe ‘misstated’ it’s esposure by a mere 5 billion but Fitch says they are exposed to 505 billion and, of that over 62 billion arises directly from the sub-prime mortgage mess – enquiring minds want to know
They seem to be asleep as usual.
More to come here and at other large insurers–of that we can be certain.
A. M. Best? Does anyone even listen to them anymore?
Who knows, maybe some asset depletion could do some good in the industry and bring some underwriting and pricing prudence back to the current softening market.
Here about the German Shepherd who went to work for the DBG? He took the low salary because he wanted to work where he knew he would be treated like a dog.
Wow… that’s ruff.