April 25, 2023 (NO COMMENTS)
Counterparty Radar: Morgan Stanley claims top dealer spot in $56 billion sector
Athene US Life has emerged as the most dominant player in the foreign exchange forwards market for US life insurers, growing the size of its positions to a quarter of the total space as of Q4 last year. The life insurance arm of private equity behemoth Apollo Global Management held $14.4 billion in notional of the instrument at the end of 2022, which translates to 26% of the $56.2 billion market, according to data from industry filings aggregated and analysed by Risk.net’s Counterparty Radar