Playing with fire


With the worst of the financial crisis over, some insurers are now willing to take on more risk with their investments. However, following their experiences over the last few years, many are treading more carefully than before, reports Intelligent Insurer.

Although the insurance industry faired far better than the banking industry throughout the financial crisis of 2008-09, some organisations still had to navigate their way through some fairly choppy waters in regards to their investments.

Many of the problems experienced by investors emanated from the fact that they did not know enough about the nature of the investments that they were making.

“There were many problems during the crisis where, in the run-up to the crisis, organisations had bought on a yield and a rating,” says David Lomas, managing director, financial institutions group, EMEA, at Black Rock.

Insurance, Reinsurance, Investment services, Financial crisis, Swiss Re, Blackrock, Goldman Sachs, Deutsche Bank, Towers Watson

Intelligent Insurer