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Signum Finance ratings affirmed as mortality experience remains well below trigger

Fitch Ratings has reaffirmed the ratings of Signum Finance Cayman Ltd. Series 2010-09, a life securitization type transaction which provides Goldman Sachs with a mortality hedge for a defined block of life insurance. The latest assessment was based on two factors; the rating of issuer Goldman Sachs, as guarantor to read the full article →

Signum Finance mortality linked CDS finally downgraded by Fitch

Ratings agency Fitch Ratings have finally downgraded the ratings or Signum Finance Cayman Ltd. Series 2010-09, a life securitization type transaction which provides Goldman Sachs with a mortality hedge for a defined block of life insurance. The Signum Finance deal has been threatened for a while and Fitch placed the read the full article →

Signum Finance mortality linked CDS back on Rating Watch Negative

The Signum Finance Cayman Ltd. Series 2010-09 transaction which provides Goldman Sachs with a mortality hedge for a defined block of life insurance has been put back on a Rating Watch Negative status by Fitch Ratings. We first wrote about this interesting insurance-linked securitization almost a year ago and then read the full article →

Signum Finance mortality linked CDS ratings revised to stable outlook

Signum Finance Cayman Ltd. Series 2010-09 is not the best known insurance-linked security but it is an interesting transaction. We first wrote about the deal back in November 2010 when it was issued by Goldman Sachs. The transaction is designed to provide Goldman Sachs with a mortality hedge for a read the full article →

Goldman Sachs issues mortality linked CDS under Signum Finance

Goldman Sachs has been involved in an interesting structured finance transaction recently. Through its special purpose vehicle, the Cayman Islands based, Signum Finance Cayman Ltd. Goldman Sachs has issue $200m of Series 2010-09 notes designed to provide it with a mortality hedge for a defined block of life insurance. This transaction read the full article →