Markets shrug off insurance stress tests

One in ten insurers would not meet Solvency II capital requirements in the event of a crisis, according to results published this week of European stress tests for the sector. But the market reaction to the findings was muted. One FIG capital specialist described the Eu4.4bn capital hole that would exist under the tests’ adverse scenario as "minimal".

  • 08 Jul 2011
The European Insurance and Occupational Pensions Authority announced the results on July 4, having conducted the tests between March and May this year. It found that 10% of groups tested fell short of Solvency II’s minimum capital requirements under a severe deterioration in macroeconomic conditions, and 8% fell ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 6,183.34 29 6.44%
2 UniCredit 5,757.33 48 5.99%
3 LBBW 5,650.96 32 5.88%
4 Natixis 4,708.38 22 4.90%
5 Credit Agricole CIB 4,632.01 23 4.82%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 24,468.24 117 6.95%
2 JPMorgan 23,260.47 101 6.61%
3 Bank of America Merrill Lynch 21,814.41 86 6.20%
4 Morgan Stanley 19,242.41 100 5.47%
5 Goldman Sachs 17,708.18 153 5.03%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 20,117.92 73 11.17%
2 Citi 19,547.68 92 10.86%
3 JPMorgan 18,561.22 80 10.31%
4 Morgan Stanley 16,159.37 75 8.98%
5 Goldman Sachs 15,187.28 135 8.44%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 3,944.55 14 7.40%
2 HSBC 3,694.64 13 6.93%
3 LBBW 3,692.39 14 6.93%
4 Credit Agricole CIB 3,687.68 15 6.92%
5 Deutsche Bank 3,304.65 12 6.20%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Credit Agricole CIB 3,286.19 8 14.01%
2 UBS 3,066.95 9 13.07%
3 Barclays 2,579.55 5 11.00%
4 BNP Paribas 2,246.30 9 9.57%
5 HSBC 1,533.23 10 6.54%