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Swiss Re said in talks to sell £1bn Admin Re stake to third-party investors

Global reinsurance giant Swiss Re has been reported to be in talks to sell a £1 billion stake in its closed life insurance book arm Admin Re unit, with pension funds, sovereign wealth and other third-party capital providers thought the likely candidates.Swiss Re has been seeking third-party capital support for read the full article →

“Reinsurance platform” to support life ILS growth: Rivas, Credit Suisse

The development of a “reinsurance platform” at Credit Suisse Insurance Linked Strategies Ltd. is set to further expand the unit’s capabilities in the global life reinsurance and ILS space, according to Javier Rivas, Director of ILS at the firm.Demand in the life insurance industry for hedging mechanisms such as longevity read the full article →

Secquaero in €70m SQ ReVita II life ViF securitisation for Atlanticlux

Secquaero Advisors AG has completed another value-in-force life insurance securitisation for Luxembourg domiciled life insurer Atlanticlux Lebensversicherung S.A, in a €70m SQ ReVita II IC Ltd. transaction featuring a closed-block of European life insurance.Secquaero Advisors, an advisory and consulting firm that specialises in intermediation of insurance or reinsurance risk to read the full article →

Hannover Life Re adds SVP for life reinsurance & securitization

Hannover Life Reassurance Company of America (Hannover Life Re or Hannover Re US) has announced the promotion of Dale Mensik to Senior Vice President, Financial Solutions, a role in which he will lead certain of the firm's life reinsurance capital markets activities.Mensik has been with Hannover Life Re since 2012, read the full article →

XL offloads $22bn of run-off life exposure via reinsurance with RGA

XL Group has continued its downsizing of the life insurance aspects of its business, as it seeks to increase the focus on property casualty underwriting in the wake of its acquisition of Catlin, announcing a reinsurance deal with Reinsurance Group of America Inc."Over the past few years, through a series read the full article →

S&P withdraws Ballantyne Re Reg XXX life securitization ratings

It's no surprise to read that Standard & Poor's has withdrawn the majority of the ratings it held on Scottish Re’s 2006 Ballantyne Re Plc Regulation XXX type life insurance-linked securities (ILS), as it no longer sees the market interest in maintaining the ratings.This is unsurprising since Scottish Re's life read the full article →

New protected ILS / LDI investment launched by Dragon Fire Capital

A new insurance-linked investment product has been launched by global alternative investment manager Dragon Fire Capital. The product sits at the convergence of insurance-linked securities (ILS) and liability-driven investments (LDI), providing tailored relatively uncorrelated returns.Dragon Fire Capital aims to "innovate at the convergence of ILS and LDI", with life insurance read the full article →

Avondale life insurance-linked notes affirmed positive by Moody’s

Moody's has affirmed the life insurance-linked notes issued by Avondale Securities SA., which were issued to transfer a block of life insurance risk to the capital markets through securitisation for the Bank of Ireland.Following on from an upgrade to the Avondale Securities life ILS notes by Standard & Poor's, Moody's read the full article →

Swiss Re puts excess capital to work in new Admin Re life deal

Reinsurance firm Swiss Re has found something to do with some of its excess capital, putting some of it to work in a new deal for its closed life insurance book arm Admin Re which has acquired Guardian Financial Services for GBP£1.6 billion ($2.5 billion).For some time Swiss Re has read the full article →

Avondale Securities life insurance-linked notes upgraded by S&P

The life insurance-linked notes issued by Avondale Securities SA., which were issued to transfer a block of life insurance risk to the capital markets through securitisation for the Bank of Ireland, have been upgraded by rating agency Standard & Poor's.The Avondale transaction was designed to allow the Bank of Ireland read the full article →