06.02.2013 18:28:00
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Moody's: Insurance CDS spreads tighten in fourth quarter despite Hurricane Sandy
New York, February 06, 2013 -- Credit default swap spreads on P&C (re)insurers widened immediately following Superstorm Sandy, but recovered in December, supporting Moody's view that the storm has impacted earnings but not harmed capital adequacy, says Moody's in its special comment "Insurance CDS Spreads Tighten in Q4 2012; P&C/Reinsurance Companies Exposed to Sandy in Focus."