UK Insurers are increasingly buying into so-called covered bonds as Solvency II approaches, the Financial Times reports.
The bonds , which are typically backed by a high-quality pool of mortgages plus a guarantee from the issuing bank, are attractive to insurers because they are triple-A rated, yet are higher-yielding than typical triple-A-rated securities.
Insurers are expected to have to hold up to 150% more capital against single-A-rated instruments under Solvency II, the paper said, making triple-A-rated securities more attractive.
According to the FT, the increased interest from both insurers and banks is creating a renaissance for covered bonds, especially in the UK.
The Awards Ceremony on Wednesday, December 3rd, at the stunning JW Marriott Grosvenor House London, is the biggest night in the UKGI calendar.
It's the perfect way to acknowledge hard work, inspire your team, and network with industry leaders.
Crucially, as many of our attendees have done before, you can use your table booking as the perfect, hassle-free Team Christmas Party, combining prestige, celebration, and a memorable night they'll talk about all year!
It's the perfect way to acknowledge hard work, inspire your team, and network with industry leaders.
Crucially, as many of our attendees have done before, you can use your table booking as the perfect, hassle-free Team Christmas Party, combining prestige, celebration, and a memorable night they'll talk about all year!
Tables are selling fast for this exclusive event. Don't miss your chance to secure a prime spot and give your team the recognition and celebration they deserve.
No comments yet