Not strictly on topic for Artemis, but worthy of a mention today, is the news that part of the new bailout deal for AIG (American International Group) will involve a life insurance securitization. This is the first time we’ve heard of securitization actually being an ends to the means of getting more bailout funding from the U.S. government.
AIG plan to give the government securitization notes to the value of $8.5b, a significant amount of the embedded value of their U.S. life insurance business. Perhaps this shows the strength of securitization as the government here is receiving something in return for it’s bailout money which at least represents an investment? We are interested to hear any expert opinions on this topic, please comment or contact us.
View all of our Artemis Live video interviews and subscribe to our podcast.
All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.
Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.
