06.05.2009 - ME: Capital base of insurance firms under stress
From Business24-7.ae: The capital bases of a number of regional insurance companies are under pressure due to the steep decline in the value of their investment portfolios, says credit rating agency Standard and Poor's (S&P). The decline has been caused in particular by the fall in the value of local stocks and real estate, Kevin Willis, Director of Financial Institutions Rating Services said.......Full Article: Source