Investors will soon have a greater understanding of where the industry's political risk/credit exposures from the 2008-09 financial crises lie, as the full-year earnings season begins in earnest.
The expansion of the political risk class in the last decade from traditional contract frustration to a much broader form of structured credit means that (re)insurers are facing significant claims from the collapse of banks and major financial projects, especially in regions such as Central/Eastern Europe and the Middle East.
Political risk...
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