By the end of 2009, total mortgage debt at face value calculated insurance companies was $ 30.7 billion, according to the book value adjusted book value of $ 23.8 billion. Life insurance companies bear the risk of 90%; property and casualty, accounting for 10%. CDO investments of insurance companies accounted for only a small part of the structure, since the end of 2009, they accounted for about 0.6% of assets in cash and investments of insurance companies, but during the recent financial crisis, CDO asset class has proved to be unstable. Credit risk of these investments will depend on the type of foundation assets in the portfolio as well as structural features and investment management decisions.
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