[brewer12345]

Quote:

Originally Posted by Marquette Aviva (parent company to Aviva USA, the top EIA seller in 2008) just took a 30% hit to their capital surplus: Market crash rocks insurance giant Aviva - Times Online

So what did they get wrong? Did they not hedge the EIA equity market exposure, or did they have a lot of their assets invested in equities (like the last time around with UK insurers)?

I tell you, the names change, but the same stupid moves get made by these guys in every up/down market cycle.