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Credit risk threatens longevity swaps
Longevity swap structurers are not paying enough attention to the risk of swap deals outlasting their participants, says RBS managing director and head of insurance solutions Eugene Dimitriou.
15 November 2010
Euro wind ILW traders buy up expected loss curve
Buyers of industry loss warranty (ILW) instruments are seeking more risky exposure to European wind to provide balance to the low-risk new ILS issuance that has hit the market in recent months.
15 November 2010
News briefs: life
Swaps on pension agenda; Hannover Life sees busy mortality pipeline ahead; Fermat's life research; Life note ratings; LLMA publishes standard documentation
15 November 2010
Fortress favoured in KBC life bid
Hedge fund Fortress Investment Group is in exclusive talks to buy a $6.2bn life settlements portfolio from Belgian bank KBC, according to reports.
15 November 2010
New longevity reinsurer plans launch
A new Bermuda-based longevity insurance provider plans to start writing business from December after signing up several reinsurers to back its offering on a quota share basis.
15 November 2010
News in brief
Clariden Leu re-opens fund; Top Layer Re stable; Tomas triggers CCRIF payout
15 November 2010
Perils counts QIS5 cost of Euro storm
European catastrophe loss aggregator Perils has released loss estimates for a one-in-200-year European windstorm event to help (re)insurers prepare for the impact of Solvency II regulations.
15 November 2010
Losses loom over Crystal Credit notes
Ratings agency Moody's has downgraded ratings on the upper tranches of Crystal Credit bonds on the back of rising aggregate loss provisions from sponsor Swiss Re.
15 November 2010
Hedge fund in $500mn Flex Re start-up
Hedge fund Blue Mountains is understood to be involved in the launch of the $500mn Bermudian reinsurance and retro start-up Flex Re.
15 November 2010
Mature Euro risk sought
Outstanding European wind bonds are becoming increasingly sought after on the secondary market, sources say, after investors snapped up recent new issues.
15 November 2010
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