Sovereign Debt Unlikely to Tank Life Insurers: Fitch

Earlier this week, less-than-stellar financial figures from the United States, coupled with ongoing concerns over sovereign debt limits in Western Europe, helped to fuel real concern that debt contagion and a global double-dip recession might end in a sovereign debt default crisis.
While that is bad enough on its own, it poses a special risk for the life insurance industry, which has billions invested in non-U.S. sovereign risk.

Or does it?

http://www.lifeandhealthinsurancenews.com/News/2010/9/Pages/Sovereign-De...