Insurers ramp up commercial loan portfolios in response to Solvency II delays
Firms seek short-term opportunities before directive implemented
Insurers are ramping up their investment in short-dated loans to small- to medium-enterprises (SMEs) to take advantage of the expected delay to Solvency II.
Investment in loan portfolios has spiked in recent months as insurers look to avoid the high capital charges imposed on loan assets by Solvency II, according to asset managers.
Etienne Comon, head of European insurance strategies at Goldman Sachs Asset Management (GSAM) in London, explains: "We have seen strong interest in relatively short
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