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Scottish Re records loss due to unwind of Orkney I life insurance securitization

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 read the full article →

Scottish Re completes unwind of Orkney I life insurance securitization

Scottish Re, the Bermuda based run-off life reinsurer, has announced the completion of the unwind of their 2005 Orkney I life insurance securitization transaction. The announcement also signifies the completion of the transfer of the block of business to Hannover Life Reassurance Company of America.The Orkney 1 life insurance securitization read the full article →

Hannover Re acquires mortality life reinsurance portfolio from Scottish Re securitization

Hannover Re has bought a portfolio of reinsurance from Scottish Re which was part of a life insurance securitization issued under SPV Orkney Re. Through the acquisition Hannover Re now assumes the mortality risk of term life and endowment policies which were reinsured by Scottish Re during the underwriting years read the full article →