FSA opens doors to securitisation
News
The UK's Financial Services Authority has outlined a new approach to insurance securitisation. A vital capital and risk management tool for banks, securitisation currently sits outside the mainstream of the insurance industry, but there are growing signs of change.
For example, France-based insurance group Axa recently completed a EUR200 million securitisation of part of one of its subsidiary's French individual motor insurance portfolio - the first time an asset in this class has been
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