European insurance exposure to Parmalat 'nominal' says S&P
The investment exposure of European insurers and their US subsidiaries to Parmalat is nominal, estimated at less than £202m marketwide, Standard & Poor's ratings services said today.
The largest reported exposures to date stem from the larger European groups, although no significant concentrations have been identified, S&P said."Exposure to Parmalat is not expected to adversely
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