Insurers load up on esoteric ABS paper in Q2

timeshare ABS
By David Bell
30 Aug 2018

Insurance companies tracked by Wells Fargo allocated 30% of their ABS purchases in the second quarter to whole business, timeshare and aircraft deals, as insurers load up on higher yielding paper.

A group of the 28 largest insurers tracked by the bank bought $32bn of structured products in the second quarter of 2018, up from $27bn in the previous quarter, Wells Fargo data showed on Thursday.

As a share of the total volume of bonds bought by the companies, ...

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