New Zealand: AMI seeks fresh capital to avoid bailout

June 2011
Asia Insurance Review;Jun2011, p48
Trade Publication
The article reports that MI Insurance is looking for fresh capital to satisfy the government's wish to avoid having to bail it out. The insurer, with about 450,000 policy holders across the country aims to cover all its claims with the fresh capital and has called in Goldman Sachs & Co. for advice. AMI said that the company was free to use its own capital of 350 million dollars to meet claims.


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