June 2019

The End of LIBOR – Not Just a Banking Problem!

After 2021, LIBOR will be replaced by new risk free rates, impacting over $200 trillion in financial contracts. While much of the focus has been on banks’ large mortgage and derivatives businesses, insurance and reinsurance companies will also be impacted by LIBOR’s end.  Investments, variable annuity contracts, reinsurance agreements, derivative hedges, valuation systems, and even

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