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Report Says Europe's Insurers Exploring New Ways To Transfer Risk To Capital Markets Jan 06 Product Image

Report Says Europe's Insurers Exploring New Ways To Transfer Risk To Capital Markets Jan 06

  • Published: January 2006
  • Region: Europe
  • Standard & Poors

FEATURED COMPANIES

  • Crystal Credit Ltd.
  • Dekania Europe CDO I PLC
  • FCC SPARC
  • MORE

Abstract
LONDON (Standard & Poor's) Jan. 18, 2006 The European insurance industry is increasingly transferring a number of new types of insurance risks to the capital markets, providing insurers with alternative capital management strategies, says a report published today by Standard & Poor's Ratings Services. Within the European non-life insurance sector, two such transactions – a motor securitization by AXA France IARD and a credit reinsurance securitization by Swiss Reinsurance Co. – were different from other risk transfer transactions previously seen. "Both these transactions covered less remote events on portfolios with high-frequency, low-severity loss characteristics, whereas insurers' previous use of the capital markets had been on portfolios with low-frequency, high-severity features," said Maren Josefs, a credit analyst in the Insurance...

Companies mentioned in this report are:
- Dekania Europe CDO I PLC
- FCC SPARC
- Crystal Credit Ltd.

Action: General Comment

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, READ MORE >

- Dekania Europe CDO I PLC
- FCC SPARC
- Crystal Credit Ltd.

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