Allianz Life triples index CDS book
Counterparty Radar: US life insurer market’s notional volume doubles in Q1
The Allianz Life Insurance Company of North America tripled the notional outstanding on its index credit default swaps (CDSs) book in the first quarter of 2023, rebounding from a slump at the end of 2022 and leaning more into bought protection.
With the subsidiary of the German conglomerate as the driving force, the index CDS market for US life insurers doubled in size, reaching a $99.1 billion
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