14 March 2011 14:00
“So not quite the “big one” or 1 in 100 year event for Japanese cat bonds, but this is potentially something closer to the big one for the local insurance industry and a certainly a significant human tragedy,” he said.
A view that the US stock market is overvalued and equity risk premia will be lower over the long term has driven New Zealand Super to lower the return expectations for its reference portfolio following its recent five-yearly review of the benchmark.
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