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Fitch Ratings has again affirmed the rating of Signum Finance Cayman Ltd. Series 2010-09, a mortality linked life insurance securitization transaction. The ratings agency cited the positive mortality experience, which remains below 100% of the actual-to-expected figure and well below the trigger level.

Fitch Ratings has reaffirmed the ratings of Signum Finance Cayman Ltd. Series 2010-09, a life securitization type transaction which provides Goldman Sachs with a mortality hedge for a defined block of life insurance. The latest assessment was based on two factors; the rating of issuer Goldman Sachs, as guarantor to the deals swap counterparty Goldman […]

Ratings agency Fitch Ratings have finally downgraded the ratings or Signum Finance Cayman Ltd. Series 2010-09, a life securitization type transaction which provides Goldman Sachs with a mortality hedge for a defined block of life insurance. The Signum Finance deal has been threatened for a while and Fitch placed the ratings on watch negative back […]

The Signum Finance Cayman Ltd. Series 2010-09 transaction which provides Goldman Sachs with a mortality hedge for a defined block of life insurance has been put back on a Rating Watch Negative status by Fitch Ratings. We first wrote about this interesting insurance-linked securitization almost a year ago and then updated you on its status […]

Signum Finance Cayman Ltd. Series 2010-09 is not the best known insurance-linked security but it is an interesting transaction. We first wrote about the deal back in November 2010 when it was issued by Goldman Sachs. The transaction is designed to provide Goldman Sachs with a mortality hedge for a defined block of life insurance.

Goldman Sachs has been involved in an interesting structured finance transaction recently. Through its special purpose vehicle, the Cayman Islands based, Signum Finance Cayman Ltd. Goldman Sachs has issue $200m of Series 2010-09 notes designed to provide it with a mortality hedge for a defined block of life insurance.

We hope all our readers have enjoyed or are continuing to enjoy a holiday break. We’re back to business as usual from tomorrow, with some catching up to do today. To bring those of you who are back at work up to speed with the market happenings from before Christmas, here’s a chance to catch […]

We’ve had a great 2010 here at Artemis and we thought we’d share some figures with you that we are proud of. As some of you will know Steve Evans spent the first half of 2010 in Asia travelling, consulting and working on a number of risk related projects, so Artemis took a bit of […]