NU Online News Service Aug. 25, 3:31 p.m. EDT
European insurers’ exposure to certain heavily indebted countries within the eurozone is not expected to weigh down those insurers’ credit profiles, Moody’s Investors Service said in a Special Comment.
“Crucially, whilst gross eurozone sovereign debt exposures remain significant for many European insurers, the insurance sector’s net exposures–after policyholder participations, tax and minority interests–remains manageable, particularly given the general ability of insurers to hold assets to maturity,” said David Masters, a Moody’s analyst and author of the report.