HUK-Coburg Says Bank Assets May Attract Insurers, Boersen Says

HUK-Coburg Holding AG Chief Executive Officer Wolfgang Weiler said insurers might be interested in buying assets as banks look to shrink their balance sheets, Boersen-Zeitung reported, citing an interview.

Weiler said the market for unsecured bank bonds is “dead” and that structured loans, such as was seen before the financial crisis, are no longer acceptable, the newspaper reported.

Weiler added that collateral is “pivotal” to any investments insurers may make in bank assets, Boersen-Zeitung said.

To contact the reporter on this story: Ragnhild Kjetland in Frankfurt at rkjetland@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net

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