S&P comment on rating methodology for medical benefit linked securitizations

Standard & Poor's has issued a press release which provides commentary on their approach to rating medical benefit linked securitization transactions such as the Vitality Re Ltd. and Vitality Re II Ltd. deals which were issued on behalf of insurer Aetna. The commentary provides some information on the factors that read the full article →

Insurers to face £1 billion+ in claims for severe UK winter weather

Insurance claims triggered by the severe spell of winter weather that the UK endured during December 2010 look likely to be at least £110m higher than the average for the same period of December according to insurer RSA. The coldest December for 100 years brought snow and ice to the read the full article →

Avalon Re catastrophe bond maturity extended yet again

Once again Standard & Poor's have announced that the maturity date for Oil Casualty Insurance Ltd's Avalon Re catastrophe bond notes has been extended. This is to allow further loss reporting to develop and be reported as it seems the full extent of losses suffered by this cat bond deal are read the full article →