A new indemnification securitisation, currently under wraps, could be completed in the life insurance sector before the end of 2010, spelling the revival of long-term indemnity-base securitisations, according to Zurich-based Swiss Re.
Indemnity-based XXX – named after the US regulation that requires insurers to hold conservative levels of capital to back their life books – and embedded-value securitisations have been dormant since their peak in 2007, when together they made up the bulk of the $6
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