life ils

FWU Group subsidiary and Luxembourg based life insurance company Atlanticlux has completed its proposed Anima Re value in force (ViF) life insurance linked securitisation deal through a private placement, foregoing the need for the deal to be rated.

FWU Group subsidiary, Luxembourg based life insurance company Atlanticlux is to tap the capital markets once again in a proposed €55 million value in force (ViF) life insurance linked securitisation through incorporated cell vehicle Anima Re A IC Limited.

The impact of alternative reinsurance capital in the life reinsurance sector provides one of the largest traditional players with both competition and new opportunities, according to the CEO of Reinsurance Group of America.

According to the results of a survey released today more life insurance companies are buying reinsurance protection, with Solvency II suspected a key driver of sales, but it has not yet resulted in increased issuance of life insurance-linked securities (ILS) or mortality catastrophe bonds.

The first tranche of the novel Salam III Limited securitization of in-force life insurance policies has now been issued. The unique deal, transacted as an Islamic bond, or Sukuk, is the first time we know of an insurance-linked securitization (ILS) of takaful (Sharia’a-compliant) insurance policies taking place.

ATLANTICLUX, the Luxembourg based life insurer which is an an affiliate of the Munich based FWU Group, has brought to market another novel securitization of in-force life insurance policies and this time it’s wrapping the life insurance-linked securities within an Islamic bond, or Sukuk, called Salam III Limited.

In the last few days the news has been awash with discussions of so-called ‘shadow insurance’, discussing the practices of life insurers in using captives and offshore vehicles as sources of reinsurance protection. A report published on Tuesday called out certain practices by life insurers as overly risky to both policyholders and taxpayers.

A third ILS fund has been unveiled to us by London based insurance-linked securities and reinsurance-linked investment manager Leadenhall Capital Partners today. Leadenhall Capital has been experiencing strong growth of its assets under management and identified an opportunity to launch a third fund, but this time focusing on life insurance linked investments to provide a new […]

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 different structures within the life […]

Leadenhall Capital Partners LLP, the London-based insurance-linked asset and fund manager, has announced that it is starting 2012 with assets under management of over $500m. The firm manages two Irish domiciled funds which invest in non-life insurance-linked securities and risks such as natural catastrophes have over the course of 2011 doubled their assets under management […]