Munich Re Takes Slight Q3 Subprime Loss

  • 05 Nov 2007
Email a colleague
Request a PDF
Reinsurer Munich Re took slight third quarter losses on bets on the U.S. subprime mortgage market while lowering its exposure to the sector during the period. The company’s loss of approximately €115 million ($166.46 million) on U.S. subprime in the latest quarter brought the company’s subprime related losses to €150 million ($217.12 million) for the year so far. “The burdens are thus within the range of the expectations announced after the second quarter,” the company said in a press statement. Munich Re has under €400 million ($579.04 million) of subprime exposure remaining, or approximately 0.2% of its overall investment portfolio.
  • 05 Nov 2007

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 %
  • Last updated
  • Today
1 Citi 120,318.45 348 12.72%
2 Bank of America Merrill Lynch 104,269.08 299 11.02%
3 Wells Fargo Securities 88,761.07 266 9.38%
4 JPMorgan 69,240.12 209 7.32%
5 Credit Suisse 51,560.77 157 5.45%