Insurance Cos. Wade Into Higher Yielding ABS

Insurance companies, traditionally one of the largest asset-backed securities investor segments, are focusing their purchases on subordinate ABS debt and esoteric ABS in their search for yield, according to JPMorgan analysts.

  • 26 Aug 2013

Insurance companies, traditionally one of the largest asset-backed securities investor segments, are focusing their purchases on subordinate ABS debt and esoteric ABS in their search for yield, according to JPMorgan analysts.

Researchers Ed Reardon and Kaustub Samant estimated that insurance companies have purchased 25% of all new-issue esoteric ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 98,446.48 276 13.35%
2 Bank of America Merrill Lynch 90,174.33 262 12.23%
3 Wells Fargo Securities 70,282.48 216 9.53%
4 JPMorgan 51,967.93 167 7.05%
5 Credit Suisse 41,447.11 125 5.62%