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...The global banking regulator has held high-level meetings with bank executives, investors and credit rating agencies in recent weeks to assess the suitability of a form of debt that was controversially wiped...
...Brereton was an executive at underwriting agency Bond & Credit Co, which was then 50 per cent owned by IAG and issued insurance policies on its behalf....
...The regulator also wants to make greater use of reinsurance markets, and aims to encourage investors to put more money into EU insurance-linked securities — such as catastrophe bonds, which pay out for certain...
...Earlier this week, Knight Insurance Group, one of more than a handful of companies that make up Hankey’s financial empire, put up a $175mn bond for Donald Trump, an amount the former president had to post...
...The downgrade came from AM Best, the specialist rating agency, citing a significant rise in exposure to “less liquid affiliated investments”....
...The bonds had been considered the next best thing after government debt. Now, not so much. While some distressed debt investors have been offloading their bonds, it’s not all doom and gloom....
...The test also requires shareholders, bond holders and uninsured depositors to absorb losses ahead of the FDIC, which contributes to market discipline....
...Normally Alphaville doesn’t care too much about insurance company results, but Allianz’s ownership of Pimco — the biggest bond investment group in the world — makes it a good way to understand broader fixed...
...The job of deciding what’s green is delegated to local and regional agencies, which often don’t exist....
...Howden recently completed a $7bn refinancing, including raising its first high-yield bond, as it took advantage of calmer debt markets....
...The attorney-general’s office suggested the $175mn bond, which is underwritten by Knight Specialty Insurance Company, should be deemed ineffective, and Trump given another week to find an alternative backer...
...— The Japanese Bid for Foreign Bonds After the End of Yield Curve Control (Brad Setser and Alex Etra) — Why do people let their life insurance lapse?...
...That’s no small matter, as the entire insurance industry managed an aggregate of more than $2.8tn in bonds at the end of 2023, according to the NAIC....
...Pension funds and insurance companies, in particular, have an opportunity to lock in an asset mix that matches their liabilities. But while demand may explain spreads, it does not justify them....
...Rating agency Fitch forecasts that the US government’s budget deficit, the difference between its total expenditures and revenues, will be 8.1 per cent of gross domestic product this year, compared with...
...The move to raise $500m in art-backed securities comes at a moment of deep distrust of Drahi in the bond market, however....
...and other low-risk assets as they target insurance buyouts”....
...The company spent billions of dollars acquiring truck-stop operator Pilot Flying J and insurance conglomerate Alleghany in recent years, adding them to a portfolio that includes ice cream purveyor Dairy...
...Real rates, using yields on 10-year inflation-linked bonds (Tips) as a proxy, are indeed high but have fallen nearly 50bp since the peak in October....
...And while last year’s $4bn of blue bond issuance was a small fraction of the GSSS bond market, it still easily exceeded the blue bond issuance of all previous years combined....
...Two of the UK’s largest fund managers have begun using corporate bonds to underpin their leveraged gilts trades, aiming to bolster their portfolios against the sharp moves that shook the UK government bond...
...For now, though, there seem to be plenty of willing bond buyers out there, ready to lock in decent yields....
...Each rebooting of the Bond brand requires some reconciliation with the times: he can no longer slap women, nor try to bed them. Daniel Craig’s Bond became a settled family man....
...a bond of anything approaching that magnitude”....
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