A capital solution

They could be a match made in heaven – life insurance companies and the financial engineering that is securitisation. Certainly, structured finance and asset-backed bankers have been touting the technology to insurers and their parent companies since the late 1990s, but few capital market transactions have emerged so far. The industry’s multi-billion-dollar balance sheets remain largely untouched by securitisation. But with life insurance companies more desperate than ever to raise capital,