Insurers seize opportunities in European corporate funding markets


A commonly held view in the aftermath of the financial crisis in Europe was that life insurers would quickly step into the shoes of the retrenching banks to finance credit-starved corporates.

To politicians, in particular, it came as a disappointment that the insurance industry did not take the plunge. While acknowledging the chance to diversify their investments and increase returns, insurers lacked the credit risk analysis skills and were held back by inconsistent regulatory and contractual fr

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