U.S. life insurers continue to modestly shift allocations into less liquid asset classes such as private placement corporate bonds as interest rates remain at historically low levels, according to Fitch Ratings.
The bonds, which mature in December 2020, were placed with European institutional investors.
Two leading trade groups have joined forces to establish a guide to best practices in Europes small but growing private placement market.
The European Commission is planning to conduct study comparing practices in the region's local private placement markets with practices in other regions, such as the U.S., analyze their strengths and develop policy recommendations for replicating this success more widely.
Bank of America Merrill Lynch held the top spot for traditional private placement league tables in 2014 for the 16th year running; JP Morgan held on to the number two spot, but Barclays moved up two spots to third.
Upper Peninsula Power
Midcoast Energy Partners
Mullen Group Ltd.
Auckland Int'l Airport
River Fuel Trust
South Jersey Industries
Port of Brisbane
Arthur J. Gallagher
SA Power Networks
Senior Managing Director and Head of Prudential Capital Group
Firm: Prudential Capital Group
In the news: Prudential Takes Bigger Bite Out of Market