Growth in the collateralized
reinsurance market has been propelled by ILS funds seeking to provide tailored coverage for ceding companies, and coverage for risks that may not be suited for or available from other ILS instruments.
The fastest-growing component is collateralized
reinsurers, which is approximately $55 billion worth of capacity.
Liberty's reinsurance sidecar is fully collateralized
which means that funds are almost always available to pay claims when losses occur.
The long-term secured rating of 'AAA' on the collateralized
notes program and the 'AAA' rating on the inaugural issuance are equalized with PEFCO's Long-Term Issuer Default Rating (IDR) of 'AAA' and reflect the high quality of the collateral securing these notes.
* A $1,000,000 first mort gage loan collateralized
by an approximately 6,200 s/f single-family residence located on Woodmere Blvd in Woodmere, Long Island.
The latest sales were from a $28.82 loan collateralized
by exotic collateralized
debt obligations backed by mortgage-backed securities held in the so-called Maiden Lane III facility.
debt obligations to be auctioned were created by TCW Group Inc.
Murabahah will be a new low credit-risk financial instrument that enables collateralized
interbank transactions in the Islamic Money Market in the country, the central bank said in a statement.
The company said that it has hired Erez Biala as global co-head of collateralized
loan and collateralized
debt obligations trading.
One investor grumbled incessantly during a session on collateralized
reinsurance at a catastrophe bond conference in New York City in late January.
Judging by its content, the securities losses are related to such alphabet soup investments as ABS (asset-based securities), CDOs (collateralized
debt obligations) and CMOs (collateralized
cases centering on the sale of risky securities backed by collateralized
debt obligations (CDOs) or Auction Rate Securities (ARS), whose value collapsed during the credit crisis.