SNL: Insurers dump $3.9 billion in Treasury notes in 2013

October 24, 2013 by Warren S. Hersch

Led by Fidelity & Guaranty Life, U.S. insurers dispensed with nearly $4 billion in U.S. Treasuries in the first half of 2013, new research from SNL Financial reveals.

Based on SNL’s review of bond transactions reported by U.S. based insurers that filed quarterly statements with the National Association of Insurance Commissioners, the report shows that U.S. insurers held $219.2 billion Treasury notes at year-end 2012. At $131.1 billion, the amount held by U.S. life insurers constituted more than half of the total. Click here to read…

Originally Posted at LifeHealthPro on October 23, 2013 by Warren S. Hersch.