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| July 18, 2008: Swiss Re reveals large exposure to heavily-indebted U.S. mortgage agencies... |
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According to MarketWatch, shortly after Swiss Re announced its exposure of approximately $9,600,000,000 to the mortgage agencies Fannie Mae and Freddie Mc, it also announced that it held $8,300,000,000 in debt securities. Fannie Mae and Freddie Mac own or guarantee nearly 50% of the one and a half trillion dollar US mortgage market. The latter companies stock has plummeted 60%. How will this impact on reinsurance and reinsurance rates remains to be seen... E.&O.E. |
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| HEADLINES |
| September 03, 2010: Canadian Life Insurers Continue To Acquire US Life Insurers...Industrial Alliance Acquires Golden State Mutual... |
| September 01, 2010: US and Canadian consumers and brokers tap into savings and better life insurance values with QuotesOnTap(R) on SmartPhones and SmartTablets... |
| August 30, 2010: LIMRA Study: Individual life insurance ownership in the US drops to a 50-year low... |
| Aug 16, 2010: QuotesOnTap, North America's first and only fully self-contained independent multiple company life insurance quotation and comparison tool for the new generation of SmartPhones rapidly gains popularity and is being further enhanced... |