CDSs widen on European insurers

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

To continue reading...