Insurance
AA for effort
Profile
On debt row
Feature
Primus restructures $1.2 billion of CDSs on monolines
New York-based credit derivatives product company (CDPC) Primus Financial Products has restructured $1.2 billion of credit derivatives protection the firm had written referencing a monoline insurer.
Bank of England to buy up commercial paper
The Bank of England yesterday announced its intention to buy asset-backed commercial paper from struggling UK companies in a continuing effort to increase the flow of credit, starting on Monday August 3.
Billions more deficit for PBGC after GM bankruptcy
The bankruptcy of General Motors has left the pension schemes of the company's bankrupt supplier Delphi in the hands of the US Pension Benefits Guaranty Corporation (PBGC) - adding an estimated $6.2 billion to the corporation's already massive deficit.
Cutting credit
Catastrophe Bonds
Double jeopardy
Accurately estimating longevity risk has been a thankless task for insurers, but questions are being raised that Solvency II's standard model could result in companies 'double counting' their capital requirements for this risk. Aaron Woolner Reports
End of the equity
Strategic Asset Allocation
Rise of the Replicants
Replicating Portfolios
Eastern promise
ALM
Striking the right balance
Strategic Asset Allocation
Point Carbon launches US power trading product
Point Carbon, an energy and environmental market analyst, has launched its first power trading analytics tool for the North American market.
UK pension BPA market to halve in 2009, predicts LCP
The market for transferring UK pension scheme risk to an insurance company could fall to £4 billion this year, which would be approximately half the level of 2008, according to a report published today by London-based actuarial consultancy Lane Clark &…
Steering solvency
Regulator Q&A
PBGC deficit triples to record $33.5 billion
The US Pension Benefit Guaranty Corporation (PBGC) has posted a record deficit of $33.5 billion for the six months to March 31, tripling its previous deficit of $11 billion for the 2008 financial year.
The sovereign state
While the sovereign market has in the past been most readily associated with rates investors, it has always been a key part of the credit sector, most importantly as a benchmark for the pricing of corporate bonds. But credit default swap levels on…
Relief in store
Industry Q&A