life insurance

Earlier this month we wrote that Moody’s Investor Services had placed the senior tranche of notes from the Avondale Securities SA life insurance-linked securities on review for potential downgrade due to their close link to Ireland and the Bank of Ireland (who are facing economic difficulties). Now Moody’s has taken the next step and downgraded […]

The Organisation for Economic Co-operation and Development (OECD) is to begin a research project looking into longevity risk in January. One of the aims of the research (according to Global Pensions) is to look into the possibility of establishing government issued life expectancy indices.

The life insurance-linked security notes issued by Avondale Securities on behalf of the Bank of Ireland’s life insurance subsidiary New Ireland Assurance, have been placed on review for possible downgrade by ratings agency Moody’s.

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.

Press release from Conning Research: –Conning 2009 estimate: $8 billion of life insurance face values settled –Estimated cumulative in-force amount still grew 16%

The European Life Settlement Association (ELSA), who recently set up a regulatory committee, have now released a code of practice which aims to provide industry standards for its members to use which will help to protect investors in this market.

Longevity hedging and longevity risk transfer is a growing market with new products and methodologies springing up all the time. So far a lot of interest has been related to pension funds and the risks of their members living longer but there is also growing interest amongst investors in life insurance who want to hedge […]

The European Life Settlement Association (ELSA) has formed a regulatory committee to work closely with various European agencies to ensure that regulations that are developed protect investors in life settlements and to lobby for the sectors interests.

The life reinsurance landscape is an ever changing beast particularly right now due to the sluggish economic recovery and ever changing regulatory environment according to Standard & Poor’s. In an article published yesterday S&P look at the regulatory environment and what they see the likely changes being.

The Pension Protection Fund (PPF), which takes on the pension liabilities of companies which fold has formed a partnership with Club Vita, a provider of analytical services to help pension funds understand and manage their longevity risk.