Bumper month for insurance debt ends with T2 mandate
Investors continued to tuck into insurance debt this week, with two deals from German insurance groups, while Società Cattolica di Assicurazione joined the pipeline for its first deal compliant with Solvency II.
European insurers have issued €4.59bn equivalent in November, according to Dealogic data. Allianz and Talanx issued a combined €2.75bn this week, adding to deals from Unipol Gruppo, BNP Paribas Cardif, and Vivat.“We see very, very high interest from accounts” for subordinated insurance debt, said a banker ...
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