Allianz Life triples index CDS book

Counterparty Radar: US life insurer market’s notional volume doubles in Q1

Sascha Kohlmann/Flickr/

The Allianz Life Insurance Company of North America tripled the notional outstanding on its index credit default swaps (CDSs) book in the first quarter of 2023, rebounding from a slump at the end of 2022 and leaning more into bought protection.

With the subsidiary of the German conglomerate as the driving force, the index CDS market for US life insurers doubled in size, reaching a $99.1 billion aggregate in Q1, up from $50.6 billion the previous quarter. Growth was effectively split in two

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here