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Regulation to drive contingent capital use in re/insurance: Moody’s

Rating agency Moody's Investors Service expects that use of contingent capital securities, including contingent convertibles (CoCo's) by insurance and reinsurance companies will increase as they are set to be considered as regulatory-efficient capital.Contingent capital securities and contingent convertibles have been used by banks and financial companies as a way to read the full article →

Germany clears way for more contingent convertibles (CoCo’s)

The German finance ministry has given the countries banks a green light to pursue the issuance of contingent convertible bonds, or CoCo's, and other contingent capital deals as it clarified the instruments tax treatment.A report from Reuters states that the German finance ministry has agreed that banks issuing contingent convertibles read the full article →

Banks look to contingent capital as form of catastrophe insurance

Contingent capital has been back on our radar recently thanks to the market rumours suggesting that reinsurer Swiss Re has been arranging a marketing roadshow for a contingent convertible bond issuance recently. The first time we wrote about contingent capital on Artemis it was not with reference to reinsurers however, read the full article →

Catastrophe insurance for banks

One of the big things to come out of the recent financial market turmoil is a desire to have better back stops for the banking system and to find a way to prevent the need for breaking up banks that fail. Many ideas have been mooted, including catastrophe bonds (as read the full article →