Non-US reinsurers had $23bn of letters of credit outstanding as collateral against potential claims in the US at year-end 2009, according to rating agency Moody's.
$23bn parked in US reinsurance collateral at end of 2009
Non-US reinsurers had $23bn of letters of credit outstanding as collateral against potential claims in the US at year-end 2009, according to rating agency Moody's.