Moody’s have affirmed the ratings of two insurance-linked security deals issued by Unum Group. The Northwind and Tailwind life insurance linked securities had their ratings affirmed as the deal performance and performance of underlying assets were both in line with Moody’s expectations despite recent economic conditions.
Northwind was the first securitization of individual disability insurance policies and Tailwind was the first securitization of a group of long-term disability insurance policies.
The full ratings press release is available via Moody’s here.
Subscribe for free and receive weekly Artemis email updates
Sign up for our regular free email newsletter and ensure you never miss any of the news from Artemis.