For the third straight quarter, topped theinsurance underwriters and brokers debt offerings league table based on dealcredit, according to SNL Financial data.
As of Sept. 30, Wells Fargo earned deal credit on 44insurance debt offerings for total deal value of $9.22 billion. It added $866.7million in deal credit in the third quarter, after serving on eight deals,including morethan $1billion in senior debt offerings from
Bank of America Merrill Lynch ranked second through thefirst nine months of 2016. BofA Merrill Lynch added $700 million in deal creditduring the third quarter after serving on seven deals, including theaforementioned debt offerings by the Berkshire Hathaway Inc. unit.
Goldman Sachs& Co., which rounded out the top three, had third-quarter dealcredit of $1.28 billion from eight deals.
In the preferred equity league tables, and maintained theirleads as of Sept 30.
During the third quarter, the insurance space saw only oneIPO without any other common equity offerings. , andWilliam Blair & Co.LLC served as book managers on KinsaleCapital Group Inc.'s $121.4 million IPO.
SNL Financial is anoffering of S&P Global Market Intelligence.