CDSs widen on European insurers

The cost of credit protection on European insurance and reinsurance companies rose in this morning's trading.

Five-year senior credit default swap (CDS) spreads referencing German-based firms Hannover Re and Munich Re widened today, out to 92.5bp and 70bp at 13:45pm London time from 65bp and 54.2bp at the close of trading yesterday, according to data from credit information specialist CMA Datavision.

Spreads on fellow Munich-based firm, Allianz, the insurance-focused financial services provider, moved out to 101.9bp from 89.3bp yesterday.

Elsewhere, CDSs on Zurich Insurance Company hit 121.8bp today from

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net 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 Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net 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