A majority of North American life insurance company chief financial officers say they are happy with company efforts to protect against equity risk.
Consultants in the Stamford, Conn., office of Towers Perrin Forster & Crosby Inc. have published that conclusion in a summary of results from a recent Web survey of 27 North American life company CFOs.
All of the participants said the focus of their companies’ hedging programs involves protecting against equity risk, and only 13% said their companies are trying to hedge against credit risk.