life insurance

Goldman Sachs is seeking to sell a majority share in its leading UK pension risk transfer specialist life insurer, Rothesay Life. A specialist in insuring the risks associated with pension schemes, and as a result involved in transferring longevity risks, Rothesay Life will follow the same route as Goldman’s reinsurer, which it sold a majority […]

Scottish Re’s 2006 Ballantyne Re Regulation XXX type life insurance securitization transaction will struggle to return much capital to investors following huge mark-to-market losses on the assets in the underlying collateral accounts, according to an update on the deal from rating agency Fitch Ratings.

Fitch Ratings has again affirmed the rating of Signum Finance Cayman Ltd. Series 2010-09, a mortality linked life insurance securitization transaction. The ratings agency cited the positive mortality experience, which remains below 100% of the actual-to-expected figure and well below the trigger level.

Reinsurance firm Swiss Re is considering allowing third-party capital sources to enter its Admin Re unit in some form, according to comments made at the reinsurers recent investor day. The reinsurer would consider allowing third-party capital providers to participate in a transaction to buy new blocks of life business.

Global law firm Hogan Lovells assisted French reinsurer SCOR on its recent life reinsurance transaction. Hogan Lovells acted as an advisor to SCOR on the deal which saw SCOR Global Life Reinsurance Ireland plc, an Irish subsidiary of SCOR Global Life SE, enter into a life reinsurance transaction with leading Spanish life insurance company, BBVA […]

SCOR Global Life Reinsurance Ireland plc, an Irish subsidiary of French reinsurer SCOR Global Life SE, has entered into a life reinsurance transaction with a leading Spanish life insurance company, BBVA Seguros. The transaction sees SCOR reinsure a whole block of life reinsurance risks underwritten by BBVA and the deal takes the structure of a […]

Making the news today is another large and interesting reinsurance transaction involving Warren Buffett’s Berkshire Hathaway Inc. which sees the firm taking on variable annuity risks and as a result assume some exposure to mortality and longevity risks. In a reinsurance deal worth $2.2 billion, Berkshire Hathaway will reinsure the risks associated with $4 billion of […]

Interesting news today as Warren Buffet’s Berkshire Hathaway Inc. entered into a reinsurance agreement with Spanish insurance company VidaCaixa, Sociedad Anónima de Seguros y Reaseguros, a wholly owned subsidiary of Spain’s CaixaBank S.A. We don’t always cover straight reinsurance transactions but in this case it is interesting as this reinsurance agreement see’s Buffet’s Berkshire Hathaway […]

Scottish Re’s 2006 Ballantyne Re life insurance securitization transaction has been heading for what seems like an inevitable default for some time now. The Regulation XXX type life insurance linked transaction saw huge mark-to-market losses on the assets in the underlying collateral accounts. As a result it experienced regular failures to make interest payments resulting […]

Fitch Ratings has reaffirmed the ratings of Signum Finance Cayman Ltd. Series 2010-09, a life securitization type transaction which provides Goldman Sachs with a mortality hedge for a defined block of life insurance. The latest assessment was based on two factors; the rating of issuer Goldman Sachs, as guarantor to the deals swap counterparty Goldman […]