Insurer AT1 exposure low amid Credit Suisse shock: JP Morgan
Reinsurance News - Mar 20, 2023
Analysts at JP Morgan have assured that European insurers’ exposure to bank corporate credit and AT1 bonds are low, after a rescue deal for the beleaguered Credit Suisse shocked some investors by leaving their bonds worthless. JP Morgan notes that the average exposure to bank credit is around 6% of...
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