Lehman Brothers expects HK listed insurers little affected by attacks

Lehman Brothers thinks HK listed insurers will be little affected by this week 's terrorist attacks because their exposure concentrated in Asia. China Insurance (0966) says unit China International Reinsurance derives less than 5% ofits gross premiums in North America, and that its exposure there is mainly for non-life natural disasters rather than "single risk loss," which is what happened in the U.S. China Insurance ended up 14.4% at HK$2.975, after

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