• US and European Insurance/Reinsurance Issues Arising Out of the Credit Market Turmoil
  • October 25, 2008
  • Law Firm: Shearman & Sterling LLP - New York Office
  • On October 10, 2008, the turmoil in the financial markets claimed its second insurance casualty when the Japanese insurer, Yamato Life Insurance Co., filed for bankruptcy. This followed steep declines in its asset values, resulting in its insolvency.