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European insurers held, at most, low single digit million sums of the AT1 hybrid debt wiped out during the shotgun marriage of Credit Suisse top UBS and "very small" sums amongst the rest of the AT1 debt in the banking system, a key equity brokerage said in its latest research.
nsurance, Investments, Credit Quality, Banking Stress, Credit Suisse, Aegon, Zurich, Allianz, AXA, Generali, SCOR, Berenberg, Europe