(Bloomberg) – Zurich Insurance Group AG, Switzerland’s largest insurer, may increase its offering of insurance that helps protect banks from catastrophic losses like rogue trading by sharing risk with investors. Register Now Already have an account? Sign In Now
Zurich Insurance Group is exploring offering more products designed to protect banks from catastrophic losses by sharing risk with investors. As reported here last month, the insurer partnered with Credit Suisse to issue a bond paying investors a relatively high rate of interest in return for a claim on the capital in the event of a catastrophe, with an insurance element underwritten by Zurich that is triggered in extreme circumstances. The Swiss government has also been looking at ways to make it easier and cheaper for companies to raise money through equity offerings.