John Hancock Life loads on inflation hedges
Counterparty Radar: US life insurer inflation swaps market doubles in Q1 on back of Manulife-owned firm’s expansion
John Hancock Life Insurance added $9 billion in new inflation swap positions during the first quarter of the year, growing its notional in the space nearly 150%.
With the Boston-based firm’s book now standing at approximately $15.2 billion, the Manulife subsidiary accounts for approximately three-quarters of the inflation swap market for US life insurers, according to data from industry disclosures analysed by Risk.net’s Counterparty Radar platform.
The trades drove a near-doubling of
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