Zest life insurance securitisation placed on rating watch negative


Fitch Ratings has placed the notes of the £250m Zest transaction on rating watch negative. The Zest transaction securitised an open book of pensions business for Aegon subsidiary Scottish Equitable. The new rating reflects the continued pressure on the investment and financial markets and the potential impact to this deal. The deal had been structured to allow for market deterioration but the level of buffer available will now have been eroded. Fitch may remove the rating watch negative after they have fully reviewed the transactions investment returns to date.

coronavirus-cat-bond-chinaRead all of our Covid-19 coronavirus pandemic related news, analysis and information of relevance to the insurance-linked securities (ILS), catastrophe bond and reinsurance capital markets.

Read Covid-19 coronavirus related news & analysis here.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.

Read previous post:
Weather futures market looks healthy as Tradition places largest ever trade

The weather futures trading market is looking incredibly healthy today after the news that Tradition has placed the largest ever...