health insurance

Health insurer Aetna’s Vitality Re VI Ltd. (Series 2015-1) ILS has achieved the target size of $200m of protection for the sponsor, while the notes have been priced with one tranche near the lowest end of guidance and the other below it.

According to sources, the price guidance for the latest health insurance-linked security (ILS) from Aetna, Vitality Re VI Ltd. (Series 2015-1), has not changed as the transaction approaches completion.

Rating agency Standard & Poor’s has now published its pre-sale report and preliminary rating for the recently launched $200m Vitality Re VI Ltd. (Series 2015-1) health insurance-linked securities (ILS) deal from life and health insurer Aetna.

In a repeat of 2014, health insurer Aetna is the first sponsor to launch a new insurance-linked securities deal in 2015, with Vitality Re VI Ltd. (Series 2015-1) seeking at least $200m of protection linked to the insurers medical benefit claims ratio.

The sage of Omaha, Warren Buffett’s, reinsurance firm Berkshire Hathaway Inc. has renewed a health reinsurance agreement with Ireland’s state health insurer VHI and extended the contract to cover four years, providing much needed certainty for VHI.

Ratings agency Moody’s said in a report that it believes health insurer Aetna’s series of Vitality Re medical benefit claims linked ILS or catastrophe bond type transactions provide the insurer with limited risk protection.

Health insurance company Aetna has successfully secured $200m of multi-year reinsurance protection with the completion of Vitality Re V Ltd. (Series 2014-1), its latest medical benefit claims ratio linked insurance-linked security (ILS).

According to market sources the pricing on health insurer Aetna’s Vitality Re V Ltd. (Series 2014-1), its latest medical benefit claims ratio linked insurance-linked security (ILS), has settled below the bottom of the deals launch price guidance range.

As promised when Artemis first covered this transaction, the first insurance-linked securities (ILS) issuance of 2014, here are some more details on health insurer Aetna’s Vitality Re V Ltd. (Series 2014-1), its latest medical benefit claims ratio linked ILS.

The first insurance-linked securities (ILS) or catastrophe bond type transaction to launch in 2014 sees a $200m deal from regular sponsor health insurer Aetna with Vitality Re V Ltd. (Series 2014-1), its latest medical benefit claims ratio linked ILS deal.