ALM issues loom for central European insurers


A collapse in investor confidence in emerging economy debt has resulted in major asset-liability management issues for insurers in Hungary. The market in government debt ground to a complete halt in October, according to a leading figure at ING Central Europe.

As the banking crisis spread, risk-averse investors pulled their cash out of central Europe in general and Hungary in particular, thereby driving down the value of the Hungarian forint. This created a circular effect of further driving

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