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FIG

Insurance sub debt rolls on with Zurich, Macif and Swiss Re

Insurers took the lead in the subordinated debt market this week, as banks waited for the final agreed texts of new capital regulations to surface after a late-night agreement among EU policymakers on Wednesday. Zurich took €788m out of the market with a curiously structured deal, while Swiss Re neared the end of a contingent capital roadshow.

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