life insurance

Ratings agency Standard & Poor’s have removed the ratings of two tranches of life insurance-linked notes issued by Avondale Securities SA. from CreditWatch as a correction to an administrative error. The notes issued by Avondale Securities were designed to transfer a block of life insurance risk to the capital markets through securitisation to allow the […]

We don’t write about life settlements often on Artemis, part of the reason being that we are most interested in life settlement securitization, an area which hasn’t seen a huge amount of activity or news lately. We are aware that a good percentage of our readers have an interest in life settlements as an asset […]

Swiss based boutique finance and investment house Secquaero Advisors Ltd. has won an award for their successful securitization of  a €60m closed block of existing in-force unit-linked life insurance policies. The SQ ReVita transaction was completed in June this year and was seen as an innovative and secure transaction by investors and so received a […]

Scottish Re’s $2.1 billion 2006 life insurance securitization transaction seems headed for an inevitable default according to Fitch Ratings. The Regulation XXX type life insurance linked transaction has been finding it increasingly difficult to pay investors interest payments and now Fitch says that payment of principal is increasingly unlikely as well.

Scottish Re, a Bermuda domiciled life reinsurer currently going through a run-off process, has announced their second quarter 2011 financial results and recorded a loss due to the unwinding of a life insurance securitization transaction. The Orkney 1 life insurance securitization transaction has been unwinding since Scottish Re were placed in run-off and ceased writing […]

To date there has only been a single insurance-linked security transaction which transferred the risk of policyholders living longer, or longevity risk, to the capital markets. That transaction, Kortis Capital Ltd. which was sponsored by Swiss Re, successfully came to market in December 2010 but so far no-one else has tried to emulate the deal.

Avondale Securities SA., Luxembourg domiciled issuer of  life insurance-linked notes issued on behalf of the Bank of Ireland, has been receiving a lot of attention from ratings agencies over the past year. The economic and sovereign debt troubles of the Irish economy and the links to the deal via the Bank of Ireland have seen […]

Signum Finance Cayman Ltd. Series 2010-09 is not the best known insurance-linked security but it is an interesting transaction. We first wrote about the deal back in November 2010 when it was issued by Goldman Sachs. The transaction is designed to provide Goldman Sachs with a mortality hedge for a defined block of life insurance.

Secquaero Advisory Ltd., has announced the successful completion of  a €60m securitization of a closed block of existing in-force unit-linked life insurance policies. The transaction was issued via Secquaero’s Guernsey domiciled entity SQ ReVita. The life insurance securitization was sponsored by ATLANTICLUX Lebensversicherung S.A., Luxembourg, an affiliate of the Munich based FWU Group and syndicated […]

Swiss Re has announced its latest bulk purchase of life insurance policies under their Admin Re® series of transactions. The latest deal see’s them acquire approximately 300,000 policies and UK£1.6 billion in assets from American Life Insurance Company.