Farmer's Insurance Group got into the asset-backed securities market three years ago in search of alternatives to corporate floaters.

After finding ample amounts of cheap spread product with which to diversify, the company chose mostly vanilla, extremely liquid sectors in which to play, making sure to shore up credit quality under a conservative approach for matching its assets with its liabilities.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.