The liquidity crunch, unprecedented volatility and elevated counterparty credit risk concerns at the end of 2008 hit the financial services industry hard. Outside the banking sector, hedge funds saw massive redemptions, many pension funds experienced a widening in deficits as equity markets crashed, and insurance companies had to battle to manage assets and liabilities in a hugely turbulent environment.
German insurance company Allianz did not escape unscathed. Like many insurers, the firm saw l
The week on Risk.net, July 14–20, 2017Receive this by email