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COVID-19 waves & vaccines modelled for La Vie Re mortality cat bond: RMS

The potential impacts of a second wave of the COVID-19 pandemic on mortality, as well as how vaccines and other factors play into this, was modelled for in the recent La Vie Re Limited (Series 2020-1) mortality catastrophe bond issuance, RMS has explained. The successful issuance of the La Vie Re read the full article →

Investors supportive of first indemnity mortality cat bond: Willis Re Securities

Insurance-linked securities (ILS) and catastrophe bond investors were supportive of the first mortality bond to feature an indemnity trigger, according to Willis Re Securities who structured and placed the deal. The $100 million La Vie Re Limited (Series 2020-1) catastrophe bond was completed recently, becoming the first extreme mortality bond for read the full article →

Securian becomes first U.S. direct life insurer to sponsor a mortality cat bond

Securian Financial recognises the capital efficiencies gained from becoming the first U.S. direct writer of life insurance to tap into the capital markets for reinsurance protection using a mortality catastrophe bond, after its $100 million La Vie Re Limited (Series 2020-1)  transaction completed. The La Vie Re mortality catastrophe bond transaction read the full article →

Minnesota Life’s La Vie Re mortality cat bond priced in top-end of guidance

Life insurer and part of the Securian Financial Group, Minnesota Life Insurance Company is set to benefit from $100 million of capital markets backed reinsurance protection with its first mortality catastrophe bond, as the La Vie Re Limited (Series 2020-1)  transaction has now been priced towards the upper-end of guidance. With read the full article →

Minnesota Life mortality cat bond sees pricing narrow towards upper-end

Price guidance has narrowed towards the upper-end of the marketed range for the new La Vie Re Limited (Series 2020-1) mortality catastrophe bond transaction from life insurer and part of the Securian Financial Group, Minnesota Life Insurance Company. The targeted size of the reinsurance protection that Minnesota Life will benefit from read the full article →

Minnesota Life seeks $100m La Vie Re mortality catastrophe bond

A new mortality catastrophe bond transaction is in the market, as life insurer and part of the Securian Financial Group, Minnesota Life Insurance Company looks to the capital markets for $100 million of more of mortality related life reinsurance through a La Vie Re Limited (Series 2020-1) deal. Mortality catastrophe bonds read the full article →

S&P takes Vita Capital VI mortality bond off negative watch as Covid-19 outlook improves

The first catastrophe bond rating action caused by the Covid-19 coronavirus pandemic has now been resolved and reverted, as S&P Global Ratings affirmed Swiss Re’s late 2015 Vita Capital VI Limited (Series 2015-1) transaction and removed it from a negative watch. The mortality catastrophe bond which featured a single $100 million read the full article →

Swiss Re’s Vita Capital VI mortality bond on negative watch on Covid-19: S&P

The first catastrophe bond rating action due to the Covid-19 coronavirus pandemic is unsurprisingly related to one of the few mortality cat bonds left in the market, Swiss Re's late 2015 Vita Capital VI Limited (Series 2015-1) transaction, which has been put on a negative watch by S&P Global Ratings. The read the full article →

SCOR sets up fourth catastrophe & mortality contingent capital facility

French reinsurance giant SCOR has established its fourth contingent capital facility, securing an EUR 300 million source of responsive capital coverage for natural catastrophe and extreme mortality events. SCOR has been a regular issuer of contingent capital since 2010, when the reinsurance firm first added a line of contingent equity capital read the full article →

Retro support helps SCOR to remain profitable so far in 2017

Despite the significant catastrophe losses facing the reinsurance industry, French reinsurer SCOR has reported a profit for the first none months of 2017, as support from its retrocession providers helped the firm to better manage its losses. SCOR's significant retro protection has helped to moderate the impact of recent catastrophes, including read the full article →