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

19 May 2012

$505mn XXX Golden Gate III securitisation closes

21 May 2010

Evidence of the resurgence in the life securitisation sector continues with the closure of the $505mn Golden Gate III transaction on behalf of US life insurer Protective Life.

The triple X deal was structured last month by UBS on behalf of West Coast Life Insurance Co, a subsidiary of Protective Life, as predicted in the April edition of Trading Risk.

Golden Gate III - which closed on 23 April - covers a portion of reserves relating to premium term life...

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