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Advisen Releases Special Report on the Impact of the Subprime Mortgage Market and the Global Credit Markets on E&O Insurers

November 6, 2008

New York, NY - Advisen Ltd. ( www.advisen.com ), a leading provider of news, research, and analytics to insurance professionals, released a special report titled, "The Crisis in the Subprime Mortgage Market and the Global Credit Markets: The Impact on E&O Insurers." Advisen projects losses to Directors & Officers Liability (D&O) insurers will reach $5.9 billion, spread over accident years 2007, 2008 and 2009. Losses to Errors & Omissions (E&O) Insurers are expected to hit $3.7 billion. Subprime-related E&O losses will add approximately 149 points to the aggregate 2007-2009 financial institution E&O loss ratio, according to Advisen. The report concludes that deteriorating underwriting results combined with investment losses portend the end of the soft commercial insurance market in 2009.

Read the entire report

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