Allianz Life drops single-name CDS positions in Q4
Counterparty Radar: US life insurance industry volumes sink to lowest level in two years
The Allianz Life Insurance Company of North America cut its entire single-name credit default swap (CDS) book in the fourth quarter, leaving US insurers with their lowest quarterly notional exposure to the product in at least two years.
The subsidiary of the German conglomerate dropped 16 trades that had totalled $1.2 billion notional in the third quarter, all of which referenced General Electric
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