Nordic insurer ALM issues could be lessened by infrastructure investment
The Nordic insurance industry's problems with hedging its long-dated liabilities economically could be resolved if governments in the region engaged in the public-private-partnership (PPP) infrastructure development model, according to the group finance director of Storebrand, Frederic Ottesen.
A region-wide dearth of long-dated bonds - Sweden, for example, has virtually no liquidity past 10 years - saw Nordic insurers experience significant ALM issues at the end of 2008 and start of 2009 when
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