Aspen expects investment returns to fall and reveals hurricanes exposure
Bermuda-based (re)insurer Aspen said that it is expects investment returns to fall by $47m if the investment environment continues to be as troubled as it has been over the last year.
Aspen added that it had $38m in exposure to failed US investment bank Lehman Brothers, comprised of $30m in senior debt and $8m in subordinated debt. Its estimated returns on alternative investments
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