March 22, 2024 09:20 GMT
Indonesia Quake: Too Early To Rule Out But Looks Small - PRU, AIA exposed
FINANCIALS
Indonesia earthquake headlines:
*6.4 MAG. EARTHQUAKE 111 KM N OF PACIRAN INDONESIA :USGS
*6.0 MAG. EARTHQUAKE JAVA SEA :GFZ
- Early to tell but EUR credit issuer with insurance exposure in the area are mainly Prudential (PRU LN Equity) and AIA Group (1299 HK).
- Appear likely to be linked – for reference the huge quake which triggered the Fukushima nuclear event and large related P&C losses was mag 8.9 and the Richter scale is exponential.
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