Swiss Re sells into troubled hybrids market

Reinsurance group Swiss Re has sold $2 billion in hybrid capital securities in a two-part transaction comprising a $750 million tranche sold in the US and a €1 billion tranche sold in Europe.

The deal, which is expected to close on May 12, was heavily oversubscribed in the US as well as Europe, despite the uncertainty in the market since US insurance regulators effectively barred insurance companies from holding hybrids. The National Association of Insurance Commissioners (NAIC) in March

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