The United States "on loan" crisis, have a large number of insurance companies Puchu experienced huge losses and declining ratings. However, the British Willis Group Chairman and Chief Executive Officer of Pan Muli (JosephPlumeri) yesterday, when interviewed by this paper, because the insurance intermediary of the assets and liabilities, not Ciji Zhai this investment, therefore, not subject to this wave of "loan-to-the" impact.
He regarded this "loan," described the crisis as a catastrophe, "Although there were no casualties, but the lethality of the great financial institutions, particularly the balance sheet of the insurance companies have great impact." In his view, "the Credits "to the global crisis affecting the insurance industry has yet to be felt.
Data show that the world's largest insurance company American International Group (AIG), a credit crisis suffered huge losses in the latest financial institutions. Because of their support for secondary mortgage bonds related derivatives on Chongjian 11.1 billion U.S. dollars, the fourth quarter of last year loss of 5.29 billion U.S. dollars, a 89 to set up the largest quarterly loss record.
Pan Muli said that this is a signal. Perhaps there will be more and more insurance companies will take Chongjian practice this way, the insurance company may purchase reinsurance to the rising demand, leading to the rise in insurance rates, such a cycle will affect the global insurance industry A trend. "This in my career, has never occurred, has never been seen."
When talking about China's recent heavy snow on the insurance industry weather the impact, said Pan Muli, insurance companies, the current assets and liabilities on a huge surplus, adequate capital reserve protection, similar to China, the snowstorm is not enough to reverse the premium rate Development trends, it is difficult to change the current insurance market environment, so it will not affect the international reinsurance market rates.
He regarded this "loan," described the crisis as a catastrophe, "Although there were no casualties, but the lethality of the great financial institutions, particularly the balance sheet of the insurance companies have great impact." In his view, "the Credits "to the global crisis affecting the insurance industry has yet to be felt.
Data show that the world's largest insurance company American International Group (AIG), a credit crisis suffered huge losses in the latest financial institutions. Because of their support for secondary mortgage bonds related derivatives on Chongjian 11.1 billion U.S. dollars, the fourth quarter of last year loss of 5.29 billion U.S. dollars, a 89 to set up the largest quarterly loss record.
Pan Muli said that this is a signal. Perhaps there will be more and more insurance companies will take Chongjian practice this way, the insurance company may purchase reinsurance to the rising demand, leading to the rise in insurance rates, such a cycle will affect the global insurance industry A trend. "This in my career, has never occurred, has never been seen."
When talking about China's recent heavy snow on the insurance industry weather the impact, said Pan Muli, insurance companies, the current assets and liabilities on a huge surplus, adequate capital reserve protection, similar to China, the snowstorm is not enough to reverse the premium rate Development trends, it is difficult to change the current insurance market environment, so it will not affect the international reinsurance market rates.
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