Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

19 May 2012

S&P raises life settlement securitisation concerns

14 October 2009

Ratings agency Standard & Poor's (S&P) has highlighted concerns over life settlement securitisations (LSS).

The agency - which doesn't currently rate the products - questioned the actuarial assumptions underpinning transactions, the accuracy of independent medical reviews, conflicting legal opinion on insurable interest, the track record of originators, and timing of cash flows. LSS involve the purchase of life insurance policies from individuals, typically aged 65 and older, who have a lowered projected life expectancy of two to 10 years due...

You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.

Purchase


Share:

Insider Publishing Limited - 2nd Floor Asia House, 31-33 Lime Street, London, EC3M 7HT, United Kingdom. The content of this website is copyright of Insider Publishing Limited 2012. All rights reserved Insider Publishing Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π