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Vitality Re II Ltd. - Series 2011-1 Apr 11 Product Image

Vitality Re II Ltd. - Series 2011-1 Apr 11

  • Published: April 2011
  • Standard & Poors

FEATURED COMPANIES

  • Aetna Inc.
  • Aetna Life Insurance Co.
  • Vitality Re II Limited
  • MORE

Abstract
Standard & Poor's Ratings Services assigned its 'BBB (sf)' and 'BB+ (sf)' ratings to the series 2011-1 Class A and B notes, respectively, issued by Vitality Re II Ltd. The notes cover claims payments of Health Re Inc., and ultimately, Aetna Life Insurance Co. (ALIC), relating to the covered insurance business to the extent that the medical benefits ratio (MBR) exceeds the class-specific MBR attachment levels. The MBR will be calculated on an annual aggregate basis. Vitality Re II is a Cayman Islands-exempted company licensed as a restricted class B insurer in the Cayman Islands. The ratings are based on the lower of the implied ratings on the ceded risk; the rating on ALIC, the underlying ceding insurer; and the...

Companies mentioned in this report are:
- Aetna Life Insurance Co.
- The Goldman Sachs Group Inc.
- Aetna Inc.
- Vitality Re II Limited

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify READ MORE >

- Aetna Life Insurance Co.
- The Goldman Sachs Group Inc.
- Aetna Inc.
- Vitality Re II Limited

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