Munich Re is exposed to €2.4bn of Irish bonds

first_imgMonday 29 November 2010 8:02 pm Munich Re is exposed to €2.4bn (£2bn) of Irish government bonds – around 1.2 per cent of its total non-linked assets (see chart above).However, exposure to the Irish crisis is not as bad as some feared, according to data from Nomura.Munich Re’s exposure is double the next most exposed insurer, ZFS, which has 0.6 per cent of its non-linked assets, or €1.2bn, in Irish sovereign debt.Generali is third with 0.5 per cent of non-linked assets, or €1.8bn exposed. However, Generali is by far the most exposed to sovereign debt across all five crisis hit peripheral Eurozone countries – Portugal, Ireland, Italy, Greece and Spain.It has a total of €56.3bn sunk into sovereign debt, with €44.4bn in Italy alone. Axa has the second largest overall exposure to the five countries with €30.1bn. Munich Re has a total of €12bn. Reception to the Irish bailout package was muted in bond markets, with little movement. However, insurers performed well, with Prudential putting on 14p to 591p and Aviva adding 8.1p to 377.8p. Share whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem center_img Munich Re is exposed to €2.4bn of Irish bonds Tags: NULL whatsapp KCS-content Show Comments ▼last_img

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