National
Under writer
Experts Weigh Direct, Indirect
Impact Of S&p’s U.S. Downgrade
Insurers and reinsurers will not likely see
a direct impact from Standard & Poor’s
recent downgrade of U.S. long-term sovereign debt, but the underlying economic
conditions that led to the downgrade
could cause some of the same issues experienced in 2008 to re-emerge. E Page 6
Benmosche Says Crisis Is Over
As AIG posts $1.8B 2Q Income
American International Group Inc. swung
to a profit with second-quarter net
income of $1.8 billion compared to a net
loss of $2.7 billion for the second quarter
a year ago. E Page 7
Insurers Contemplate
UK Riot Losses
The Association of British Insurers says
insurers are expecting “significant losses”
of more than 100 million pounds ($162
million) from damages caused by rioting
in boroughs of London and other cities.
E Page 7
A RISKIER
OR SAFER
WORLD?
30+ Industry Leaders
Share Their Insights
Special Coverage Starts On
Page 12.
CEA Looks To Capital Markets
The California Earthquake Authority
recently turned to the capital markets and
tapped a new special-purpose vehicle to securitize its risk, a move which is credit-nega-tive for the reinsurance industry, according
to Moody’s Investors Service. E Page 31
SOCIAL AnxIETy
pressure To Cut Costs
Raises Risk profile
For Service Orgs.
Page 27
