Carriers did not boost stock investments last year as dramatically as expected
Brown Brothers Harriman's newly completed Insurance Industry Asset Allocation Study for 2005–which examines where insurers are investing their capital–had plenty of surprises in store.
The most fascinating thing about this annual study is how certain allocations confirm our expectations, while others defy conventional wisdom and force us to reexamine underlying assumptions and outlook. (The latest study looked at the asset allocation at the end of 2004 and is based on the year-end statutory filings of domestic property-casualty, as well as life-health, insurers.)
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