FSA opens doors to securitisation

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 securitised, and this is a move that is likely to be replicated across the market.

At an industry briefing hosted in November by the Association of British Insurers, the FSA acknowledged that one of its statutory objectives was to facilitate innovations of this kind

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