Pru, Aviva pounce as Swiss Re, AIG credit loss worsens


UK insurers led by Prudential and Aviva have taken advantage of distressed conditions in the credit markets to make significant investments, at the same time as AIG and Swiss Re have reported further subprime-related writedowns. According to the Prudential's head of portfolio management, John Betteridge, "We have been making meaningful purchases of leveraged loans and mortgage assets."

Although Betteridge declined to give numbers, he said that the purchases had been significant enough to have

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

If you already have an account, please sign in here.


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