Cash and short-term investments reached their highest levels since 2008 - in both absolute and percentage terms - by the end of the third quarter. The Guy Carpenter Bermuda Composite had 8 percent of its aggregate investments in this asset class at the end of 2003, an amount that reached 11.6 percent at the end of September 2008. Assets held in bonds dipped slightly from 55.8 percent to 53.3 percent, returning to 2003 levels. However, the duration of fixed income investments has shortened as we have learned from earnings calls and meetings with Bermuda Composite management teams.
To download this chart, right-click on the image, and select “Save Picture As”. If you have any trouble, please e-mail us.