Insurance debt: Don't take a tumble
Holders of bonds from the insurance sector should prepare themselves for a rough ride in 2009. Lingering concerns over the exposure of certain names to toxic structured credit assets and the difficulty of raising more debt in the current environment are just two potential hazards. Credit asked five insurance analysts for their views on the main drivers for the sector. By Sarfraz Thind
AIG's spectacular fall from grace sent shudders throughout the insurance industry last year with many fearing that this could be the first in a chain of insurers to topple over. But, while they have exposure to many of the same assets as banks, insurance companies have managed to escape the worst ravages to hit the banking sector.
The ability of insurers to access capital without regularly going to
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