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

21 May 2012

Vecta life securitisation closes at C$120mn

28 December 2011

Investment bank Credit Agricole Securities has raised C$120mn through the Vecta I embedded value life securitisation for Canadian life reinsurer Aurigen Reinsurance.

The Vecta deal is the first embedded value securitisation to come to market as a public 144a offering since the financial crisis and the first securitisation of Canadian life insurance embedded value.

The notes will pay investors a coupon of 8 percent and have an expected maturity of 6.25 years.

Embedded value deals are structured so that investors...

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