Your search for “life 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 of 2000 to 2003.

Life settlement securitizations pose a unique set of risks and are one of the more rarely seen types of asset-backed securities. As a result Standard & Poor’s haven’t ever rated a life settlement securitization transaction, but that could change if issuers can address the risks associated with them.

Standard & Poor’s have released a report which details their opinion on life settlement securitizations. Despite seeing increasing interest in this asset class and being approached with inquiries from various institutions, S&P say they have no plans to start rating them anytime soon. S&P believe there are inherent risks and obstacles in securitizing life settlements […]

I’m sure that by now almost all of you will be aware of the article that the New York Times wrote a few weeks back which described life insurance settlement securitization as almost akin to the sub-prime mortgage securitizations which caused financial markets to implode. I didn’t write about it at the time as (no […]

Aegon has announced that it has successfully completed a transaction to help it raise capital through realising profits early on a book of life insurance policies. The deal will release approx EUR 315m by delivering profits from some of it’s life policies held with Aegon Scottish Equitable now, in return for the profits which arise […]

There is some good commentary on the Standard & Poor’s website about their recent insurance linked securities conference which discusses the state of the life insurance securitization market. Highlights of the release below: Will Life Insurance Securitizations Wither Without Bond Wrappers? Issuance of traditional life ILS, where long-term risk is typically packaged and backed up […]

Dutch headquartered life, pensions and annuities focused insurer Aegon has secured a €12 billion longevity reinsurance transaction with Canada Life Re, helping it to transfer more of its longevity risk to the benefit of its solvency measures.

Leadenhall Capital Partners LLP, the London headquartered insurance linked securities (ILS) and reinsurance related investments manager, has strengthened its Life and Alternative Credit team with a new hire and a key investment committee appointment.

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.

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.