Natürlich wegen der Aktienmarktperformance, aber gerade die kürzliche Schwäche bei den brittischen Life insurern, die auf Europa umzugreifen scheint (Allianz, Munich Re etc.) ist zu beobachten, dass die Lage ziemlich akut wird.

Aus der Financial Times:

Even leading insurers like Standard Life, that recently had its triple A status confirmed by credit rating agencies, have suffered an erosion in capital levels.

The mutual assurer has seen its spare capital - the amount of assets in excess of liabilities - fall from £8.6bn to £3.4bn at the end of the 2001-2002 fiscal year. This largely reflects the insurer's high proportion of equities in its with-profits mix where shares and property make up 80 per cent of the assets.

Collectively, the insurance industry has seen its spare capital reduced in the past two years from more than £100bn to around £20bn.

Investors may wonder how this affects them. Insurers will do all they can to maintain solvency levels - even if they stretch the limits of what is allowed.

<ul> ~ http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1023995388809&p=1012571727114</ul>
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