Contents
Investment case 3
Changes in recommendation 6
Solvency is not the problem 10
Life & health 11
Property and casualty 25
Investment assets 31
Companies 35
Allianz......................................................................................................................36
Aviva........................................................................................................................40
AXA .........................................................................................................................44
Generali...................................................................................................................48
Irish Life & Permanent.............................................................................................52
Legal & General ......................................................................................................56
Munich Re ...............................................................................................................60
Prudential ................................................................................................................66
RSA.........................................................................................................................70
Standard Life ...........................................................................................................74
Swiss Reinsurance..................................................................................................78
Zurich Financial .......................................................................................................82
Disclosures Appendix 86