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VHI renews health reinsurance deal with Buffett’s Berkshire Hathaway

The sage of Omaha, Warren Buffett’s, reinsurance firm Berkshire Hathaway Inc. has renewed a health reinsurance agreement with Ireland's state health insurer VHI and extended the contract to cover four years, providing much needed certainty for VHI.Almost a year ago VHI entered into a one-year reinsurance agreement with Berkshire Hathaway read the full article →

Aetna’s Vitality Re health insurance ILS provide limited protection: Moody’s

Ratings agency Moody’s said in a report that it believes health insurer Aetna's series of Vitality Re medical benefit claims linked ILS or catastrophe bond type transactions provide the insurer with limited risk protection.Aetna completed its latest and fifth of these insurance-linked security (ILS) transactions recently, with the successful issuance read the full article →

Aetna’s $200m Vitality Re V health insurance ILS completes

Health insurance company Aetna has successfully secured $200m of multi-year reinsurance protection with the completion of Vitality Re V Ltd. (Series 2014-1), its latest medical benefit claims ratio linked insurance-linked security (ILS).The Vitality Re V transaction, a catastrophe bond type deal which provides Aetna with coverage for escalating medical benefit or read the full article →

Pricing on Aetna’s Vitality Re V ILS settles below launch range

According to market sources the pricing on health insurer Aetna’s Vitality Re V Ltd. (Series 2014-1), its latest medical benefit claims ratio linked insurance-linked security (ILS), has settled below the bottom of the deals launch price guidance range.Aetna’s fifth Vitality Re medical benefit claims ratio linked ILS deal, structured in a similar read the full article →

More details on Aetna’s Vitality Re V Ltd. medical benefit ILS

As promised when Artemis first covered this transaction, the first insurance-linked securities (ILS) issuance of 2014, here are some more details on health insurer Aetna's Vitality Re V Ltd. (Series 2014-1), its latest medical benefit claims ratio linked ILS.This is Aetna's fifth Vitality Re medical benefit claims ratio linked ILS deal, read the full article →

Aetna returns with Vitality Re V, its fifth medical benefit ILS transaction

The first insurance-linked securities (ILS) or catastrophe bond type transaction to launch in 2014 sees a $200m deal from regular sponsor health insurer Aetna with Vitality Re V Ltd. (Series 2014-1), its latest medical benefit claims ratio linked ILS deal.This Vitality Re V deal, the first transaction to be added read the full article →

Claims experience benefits Aetna’s Vitality Re medical benefit ILS deals

Ratings agency Standard & Poor's has upgraded or affirmed the ratings on a number of the medial benefit ratio insurance-linked securities (ILS) transactions sponsored by health insurer Aetna after receiving the annual reset results.S&P received updated modelled reset results from Milliman Inc., who provide risk modelling and calculation services for read the full article →

Warren Buffett’s Berkshire Hathaway reinsures Irish healthcare claims

High profile investor Warren Buffett’s reinsurance firm Berkshire Hathaway Inc. has entered into another large reinsurance transaction in the life & health sector. Berkshire Hathaway will reinsure $923m (€700m) of healthcare related claims for Irish state health insurer VHI.Over the last year Berkshire has been steadily assuming life and longevity read the full article →

U.S. flu outbreak hits Aetna but unlikely to trigger Vitality Re deals

U.S. health insurer Aetna, which has a number of catastrophe bond like medical benefit linked securitizations providing it with reinsurance protection, has been hit hard by the influenza outbreak in the United States this winter. The U.S. flu outbreak now appears to have peaked, but the higher than normal incidence read the full article →

Vitality Re IV completes, Aetna says fourth ILS deal improves capital efficiency

The first insurance-linked security transaction to come to market in 2013 has now completed successfully. The Vitality Re IV Ltd. (Series 2013-1) medical benefit linked securitization provides health insurer Aetna with a $150m four-year source of fully-collateralized excess of loss reinsurance coverage on a portion of its group commercial health read the full article →