life insurance

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.

Large global reinsurance firms remain focused on buying up closed blocks or books of life and health insurance business, believing that by pooling the underlying assets and managing the legacy claims they can make the books perform better than those who wrote the business.

A study undertaken by Conning alongside the American Council of Life Insurers (ACLI) found that life insurance companies could look to invest in alternative asset classes such as ILS as a way to add diversification, while reducing sensitivity to interest rates.

A new hedge fund backed annuity and life insurance company has received its rating, showing that the trend towards leveraging hedge fund strategies to boost insurance or reinsurance company performance is expanding.

Aon Benfield, the reinsurance and capital advisor arm of broker Aon plc, has launched ReMetrica for Life, Health & Pensions, bringing stochastic risk modelling to these lines of business, to assist with evaluating risks and reinsurance purchases.

Aurigen Capital Limited has completed its second embedded value life insurance securitization, in a $175m (CAD $210m) deal issued through Valins I Limited. The firm has also redeemed in full its previous deal, the 2011 issued CAD$120m Vecta I Ltd.

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.

Reinsurance company Swiss Re has further rationalised its life focused Admin Re business unit with the announcement of the sale of its U.S. subsidiary Aurora National Life Assurance Company to Reinsurance Group of America (RGA).

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.