Insurance sub debt A sound policy

credit of the month

pg14-bravo-gif

Robert Montague
SG CIB

Overweight
Subordinated insurance was the top-performing euro-denominated sector in 2004. We are maintaining our overweight recommendation on the sector that we held for all of 2004, at least into the first quarter of 2005. This partly reflects our strategists’ bullish view on credit and the fact that subordinated insurance is a high-beta sector, but we do not believe that insurers will outperform to the extent they did in 2004. However, investors still seem to

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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 indvidual account here: