European insurance company and bank trust preferreds - Dekania Europe

Dekania Europe offer investors access to Euro-denominated hybrid capital securities issued predominantly by small and mid-sized European insurers and banks.  As the first program of its kind to provide these companies with access to the hybrid debt offered, Dekania Europe can achieve a higher spread relative to subordinated insurance company debt issued by much larger companies and available in the wider market. 

Along with Cohen & Compagnie, SAS, our Paris-based subsidiary, Cohen & Company has developed a vast network of relationships with originators of collateral in Europe.  Cohen & Compagnie employs experienced insurance professionals and credit analysts who cover European financial institutions.

Advantages of Dekania Europe include:

• High yielding collateral compared with other similarly rated assets
• Historically low default/impairment history
• Investments in regulated industries (European regulations interpreted on a country by country basis)
• Diversity across a wide range of European countries and insurance markets, as well as exposure to banking and real estate assets
• Lack of competition from other CDO structures in sourcing collateral