Enron's failure has cost the investment portfolios of several insurers over $3bn (£2.1bn), ratings agency AM Best has said.
It said, in a statistical study, that the life and health insurance industry had a market-value investment of $2.8bn (£32bn) with Enron, as of 30 September 2001.
The P&C industry had a market-value investment of $604m (£426m) with Enron, for the same period. Both sectors' investments were mainly in corporate bonds.
Companies with the largest exposures included John Hancock Financial Services, Swiss Re, Hartford Financial Services, St. Paul Companies and Reinsurance Group of America.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
