Insurance and the fixed income capital markets

Abstract

This paper firstly reviews the recent robust market performance of insurance financings and insurance-linked securities, covering traditional senior and subordinatedhybrid debt, as well as real risk transfer transactions. Secondly, we detail the five main categories of insurance securitizations. They represent the key recent developments of insurance securitization, allowing issuers to use innovative capital markets solutions to achieve strategic and financial objectives through these various forms of securitization. © 2007 The International Association for the Study of Insurance Economics.