regulation xxx

Share

Ballantyne Re life ILS assets disbursed to investors as restructure completed

The Scottish Re sponsored 2006 Ballantyne Re Ltd. Regulation XXX life insurance-linked securities (ILS) transaction has finally been fully wound up, as a restructuring has been completed and the remaining assets in the reinsurance trust account disbursed to investors.It's taken a long time for the Ballantyne Re transaction to reach read the full article →

Ballantyne Re life ILS investors to finally realise losses in restructuring

Investors in the Scottish Re sponsored 2006 Ballantyne Re Ltd. Regulation XXX life insurance-linked securities (ILS) transaction look set to finally realise their losses, as a restructuring of the vehicle, novation of the underlying reinsurance and winding up procedure has been proposed.Ballantyne Re has a long and checkered history in read the full article →

Canadian K-Note reinsurance collateral financing transaction completed

Karson Management (Bermuda) Limited, led by veteran of the insurance-linked security (ILS) and alternative risk financing sector Derrell Hendrix, alongside BNY Mellon have announced the successful completion of the first K-Note reinsurance collateral financing transaction in Canada.We first wrote about Karson Management's collateral alternatives and the development of the K-Note 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It's no surprise to read that Standard & Poor's has withdrawn the majority of the ratings it held on Scottish Re’s 2006 Ballantyne Re Plc Regulation XXX type life insurance-linked securities (ILS), as it no longer sees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 RFIB life reinsurance unit to help clients access capital markets

International and Lloyd's specialist insurance and reinsurance broker RFIB Group Limited has launched a new life reinsurance unit, with part of its remit being to assist life insurer clients to access capital markets sources of life reinsurance capacity.Life reinsurance is a totally new offering for the broker, and the new read the full article →

Ballantyne Re Reg XXX life securitization investors facing losses: Fitch

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.Ballantyne Re had much of its collateral read the full article →

Could ‘shadow insurance’ controversy bring Life back into ILS?

In the last few days the news has been awash with discussions of so-called 'shadow insurance', discussing the practices of life insurers in using captives and offshore vehicles as sources of reinsurance protection. A report published on Tuesday called out certain practices by life insurers as overly risky to both read the full article →

Life insurance markets continue to use alternative risk financing and ILS

The life insurance side of the alternative risk financing, transfer and insurance-linked securities market is alive and well with reasonable deal flow in 2012 and a positive outlook to 2013, according to a recent paper on the subject published by actuarial focused firm Milliman Inc. Milliman includes a number of read the full article →

Loss faced by Ballantyne Re life securitization investors becomes clearer

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 read the full article →

Karson Management grows their collateral business

Here's an interesting press release from Karson Management, a firm established by the team at RISConsulting Group and led by Derrell Hendrix a veteran of the insurance-linked security and alternative risk financing/transfer sectors. The press release is regarding Karson Collateral, a provider of solvency eligible collateral for risk transfer and read the full article →