AXIS burnt by life settlement investment
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AXIS burnt by life settlement investment

04 November 2009
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Bermuda-domiciled (re)insurer AXIS Capital bemoaned longevity risk modelling as "unpredictable" and "inherently uncertain", as it reported a $138mn fair value loss on a 2006 life settlement derivative investment in its Q3 results.

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News November 2009/1
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