mortality bond

The market for life insurance securitization and longevity risk trading has now got a champion to help it grow and mature. The Life and Longevity Markets Association has been founded ‘as a not-for-profit venture in order to promote a liquid traded market in longevity and mortality-related risk’.

In a first for longevity risk Centurion Fund Managers have launched a new fund which is the first in the market to include macro and micro longevity. By combining these two aspects the fund allows investors to better diversify their portfolios of life insurance linked securitization and products.

Risk Management Solutions have released a few more details about their role in the recent Swiss Re mortality transaction Vita Capital IV Ltd. The transaction gives Swiss Re more coverage to allow for any increased mortality which results from H1N1 swine flu.  It’s the first deal of its kind being a mortality transaction which uses […]

Swiss Re have now completed their latest life insurance securitization, Vita Capital IV Ltd. The mortality bond transaction provides Swiss Re with $75m of cover against severe population mortality in the U.S. or the UK. The deal covers a five-year risk period ending in 2014. The notes issued by Vita Capital have been rated ‘BB+’ […]

Various sources are reporting that Swiss Re is preparing to launch a fourth excess mortality transaction under its Vita series. Vita Capital IV is said to be a $75m mortality bond, it started as $50m but demand has been high and the deal has upsized significantly. It’s assumed that Vita Capital IV will replace a […]

AEGON, the huge Dutch life insurance group, has announced the completion of a life insurance securitization transaction designed to free up capital to the group. The transaction will free up approximately $650m of additional regulatory capital to its U.S. operations. The transaction itself is worth $900m (the first portion of which was realised in 2008) […]

SCOR Global Life SE has added a new layer of cover to their existing four year mortality swap deal with J.P. Morgan. The new layer provides SCOR with an additional $75m cover for the rest of the deal which runs to 31st December 2011. By increasing its cover SCOR hope to give themselves enough protection […]

CEIOPS, the Committee of European Insurance and Occupational Pensions Supervisors, has published a report on securitization in the insurance sector today. The report looks at the market as it is today, how insurance linked securities have become a part of the wider alternative risk transfer mix, how the market developed and the investor landscape associated […]

Babcock International Group, a leading UK based engineering support services company, has enacted a longevity swap to help it hedge the risks of longer life expectancies associated with it’s pension scheme. In doing so it has become the first UK company pension scheme to enter the longevity swap market. Credit Suisse have acted as the […]

The catastrophe bond market issuers and investors will all be keeping a watchful eye on the development of the swine flu outbreak with some nervousness. Why you might wonder, given that the vast majority of our coverage of the catastrophe bond market relates to natural disasters such as windstorms and earthquakes? Well, there is another […]