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

19 May 2012

ING $825mn deal gives life to Regulation XXX

13 January 2010

Dutch conglomerate ING has completed a $825mn Regulation XXX life transaction using collateral provided by a new capital management facility from Bermudian firm Karson Management.

Karson Management - launched in 2007 by ex-Citibank executive Derrell Hendrix -has formed a specialist alternative collateral provider for (re)insurance companies, Lloyd's corporate members and other corporations to support their regulatory and credit security requirements.

The firm said it teamed up with ING Bank to arrange eligible Regulation XXX collateral for a large block of...

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