Wednesday, November 18, 2009
Fitch is warning Insurers Face $23 Billion Loss on Commercial Property
U.S. life insurers, a group led by MetLife Inc. and Prudential Financial Inc., may lose as much as $22.6 billion on investments in commercial real estate through 2011, Fitch Ratings said.
Mish: Fitch is warning Insurers Face $23 Billion Loss on Commercial Property.
Losses on investments in apartment buildings, offices, shopping malls and other commercial real estate will begin to increase in the next 6 months to a year as rents decline and vacancies increase, said Fitch Senior Director Andrew Davidson. Life insurer losses on commercial real estate have been “virtually nil” so far, he said...
Mish: Fitch is warning Insurers Face $23 Billion Loss on Commercial Property.
Permalink posted by markw @ 7:33 AM 
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