embedded value

Share

Aurigen completes Valins I Limited embedded value life securitization

Aurigen Capital Limited has completed its second embedded value life insurance securitization, in a $175m (CAD $210m) deal issued through Valins I Limited. The firm has also redeemed in full its previous deal, the 2011 issued CAD$120m Vecta I Ltd.Valins I Limited, a Bermuda domiciled special purpose vehicle, has issued read the full article →

RGA’s embedded value life securitisation is credit negative: Moody’s

Rating agency Moody's says that the recent embedded value life securitisation deal completed by U.S. life reinsurer, Reinsurance Group of America Inc. (RGA) is credit negative, as it effectively discounts the future profits that could have been made from the closed-book.Moody's Investors Service actually raises a very good point about read the full article →

RGA completes $300m Chesterfield embedded value life securitisation

U.S. life reinsurer, Reinsurance Group of America Inc. (RGA), has successfully completed its life reinsurance embedded value securitisation transaction, raising $300m from the sale of the notes through issuer Chesterfield Financial Holdings LLC.The deal, which launched in November proposing the sale of a $200m tranche of notes but grew in read the full article →

Reinsurance Group of America in embedded value life securitisation

Life reinsurer Reinsurance Group of America Inc. is marketing a life reinsurance embedded value securitisation transaction, through an issuer named Chesterfield Financial Holdings LLC, as it seeks to recognise some of the profitability of a defined book of life business.Chesterfield Financial Holdings LLC, a Delaware domiciled company, is proposing to read the full article →

Resolution Life sets up permanent capital structure

Resolution Life, the life focused arm of insurance entrepreneur Clive Cowdery's Resolution Group, has set up a new permanent capital structure which aims to acquire and manage in-force portfolios of life insurance to benefit its institutional investors.Resolution Group was launched in 2008 by Clive Cowdery promising to consolidate the UK read the full article →

SCOR in VIF (Value of In Force) life reinsurance deal with Mediterráneo Vida

SCOR Global Life, a subsidiary of French reinsurer SCOR SE, has completed a VIF (Value of In Force) life reinsurance transaction with Mediterráneo Vida, a Spanish insurer owned by Banco Sabadell.The VIF reinsurance deal, which became effective on January 1st 2014, sees SCOR reinsure a portfolio of life policies covering read the full article →

Hogan Lovells assists SCOR with VIF (Value of In Force) life reinsurance deal

Global law firm Hogan Lovells assisted French reinsurer SCOR on its recent life reinsurance transaction. Hogan Lovells acted as an advisor to SCOR on the deal which saw SCOR Global Life Reinsurance Ireland plc, an Irish subsidiary of SCOR Global Life SE, enter into a life reinsurance transaction with leading read the full article →

Life insurance markets continue to use alternative risk financing and ILS

The life insurance side of the alternative risk financing, transfer and insurance-linked securities market is alive and well with reasonable deal flow in 2012 and a positive outlook to 2013, according to a recent paper on the subject published by actuarial focused firm Milliman Inc. Milliman includes a number of read the full article →

SCOR in VIF (Value of In Force) life reinsurance transaction worth EUR1 billion

SCOR Global Life Reinsurance Ireland plc, an Irish subsidiary of French reinsurer SCOR Global Life SE, has entered into a life reinsurance transaction with a leading Spanish life insurance company, BBVA Seguros. The transaction sees SCOR reinsure a whole block of life reinsurance risks underwritten by BBVA and the deal read the full article →

Buffett’s Berkshire Hathaway bets on future values of life insurance

Interesting news today as Warren Buffet's Berkshire Hathaway Inc. entered into a reinsurance agreement with Spanish insurance company VidaCaixa, Sociedad Anónima de Seguros y Reaseguros, a wholly owned subsidiary of Spain's CaixaBank S.A. We don't always cover straight reinsurance transactions but in this case it is interesting as this reinsurance read the full article →