Mizuho’s interest rate swaptions business with US life insurers blossomed over the year to September 30, 2023, according to analysis of industry filings conducted by Risk.net. The notional value of the Japanese dealer’s swaptions transactions within the space stood at $9.9 billion at the end of last year’s third quarter, up 575% compared with Q3 2022, as a result of large trades conducted with clients, including MetLife and Brighthouse Life Insurance. US life insurers held a combined…
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Mizuho’s life insurance swaptions notional climbs 575% in a year
