Wron again Honey!! they may be life insurers and funds managers but they also are underwriters and via their corespondent relationships with international insurers are also re insurers although not in the strictest techincal sense of the word.
Like their exposure to GIO which they purchased their involvement with the British subsidiaries and investments put them in the thick of it.
No ones putting their hands up now. No one and not yet. But wait and don't pontificate till you see what I have seen.
spanish bomb blast, page-5
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