Reserve Bank of India says use securitisation for risk transfer, not profit booking

The Reserve Bank of India (RBI) has said that it wants banks and non-banking financial companies to use securitisation only for risk transfer purposes and not ever for profit booking. They say that they want to have sustainable securitisation and not have financial markets growing on the back of arbitrage. To read the full article →

Crystal Credit Ltd. still likely to default

Standard & Poor's has delivered its latest update on the Crystal Credit Ltd. transaction which transferred a portfolio of Swiss Re's credit reinsurance treaty risk to the capital markets via an insurance linked securitization. Losses on those treaties have been high and the transaction has already had its ratings downgraded read the full article →

Crystal Credit, Swiss Re credit reinsurance securitisation not getting any worse (or better)

Back in August I wrote about the downgrade of notes in the credit reinsurance securitisation Crystal Credit which was issued by Swiss Re in 2006. At the time things were looking very bad for Crystal Credit and Standard & Poor's had downgraded the notes which were designed to provide Swiss read the full article →

Growth trend likely to continue in insurance securitisation markets

A report published today by the International Association of Insurance Supervisors (IAIS) concludes that while the market for transferring risks to the capital markets is still relatively small when compared to traditional re/insurance it is likely to continue its trend of upward growth both in new business and eroding the read the full article →