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

19 May 2012

ING's $825mn deal gives life to Regulation XXX

18 January 2010

Dutch conglomerate ING has completed an $825mn Regulation XXX life transaction, backed by a new collateral facility from Bermudian firm Karson Management.

The deal is the first of its kind from Karson Management, which was launched in 2007 by ex-Citibank executive Derrell Hendrix. It is a provider of specialist alternative collateral 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...

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