Munich Re's chief executive said his company is interested in reviewing some assets of American International Group for possible acquisition and that the credit crisis is already working to push up reinsurance rates.
Nikolaus von Bomhard also confirmed that the German reinsurer's exposure to bankrupt Lehman Brothers is $500 million. His comments came in a television interview on Bloomberg Live yesterday.
Explaining that the Lehman figure is a gross number--before any recoveries or taxes--he said, "We think this will never be the money at stake."
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