Which Insurers Are The Most Exposed To Alternatives?
Alternatives don’t make up a particularly large percentage of insurance companies’ portfolios, but in a deep dive of Schedule BA investments, Sterne Agee analysts John Nadel, Wesley Carmichael, and Michael Ward found that alt exposure goes as high as a quarter of GAAP equity.
Insurers with highest exposure to riskier alternatives
“As a percentage of GAAP equity the exposures are in some cases material. Companies with the highest exposure to "riskier" alternatives . . .
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