Axis Capital reveals exposure to Lehman and AIG
Axis Capital has said that it has $34m of exposure to collapsed US investment bank Lehman Brothers, as well as $18m to the operating subsidiaries of AIG.
Axis added that it expects to realize a loss of approximately $60m associated with Fannie Mae and Freddie Mac preferred equity.Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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