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) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 1,712.34 6 12.44%
2 SG Corporate & Investment Banking 1,292.64 1 9.39%
2 Rabobank 1,292.64 1 9.39%
4 Mizuho 1,215.54 3 8.83%
5 Wells Fargo Securities 1,012.71 4 7.36%