Insurers oust banks as major hybrid capital players
Insurers have supplanted banks as major players in the hybrid capital section of the European bond market as a result of regulatory uncertainty, according to Financial News.
Figures from Barclays show that in March there was $3.3bn of insurance hybrid supply against $1.7bn from banks and, in April, insurers priced $1.4bn of new deals as bank issuers remained absent
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