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Results: 1-5 of 5

NAIC releases RFP to produce designations for commercial mortgage-backed securities

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • August 2 2010

The NAIC is seeking proposals for a vendor to model expected losses on approximately 7,500 commercial mortgage-backed securities (CMBS) as of December 31, 2010, according to a news release issued by the NAIC July 28, 2010

Bermuda Monetary Authority publishes guidance on special purpose insurers

  • Edwards Wildman Palmer LLP
  • -
  • Bermuda
  • -
  • October 26 2009

The Bermuda Monetary Authority (BMA) has published an Information Bulletin (the Bulletin), dated 5 October 2009, setting out the BMA’s approach to the supervision of special purpose insurers (SPI) and the requirements that SPIs must meet to be licensed

Massachusetts investigates rating of life settlements

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • October 5 2009

The Massachusetts Secretary of the Commonwealth, William Galvin, recently announced an investigation into how credit rating agencies evaluate and rate the securitization of life settlements (i.e. life insurance policies sold by the insured to a third party

NAIC Valuation of Securities (E) Task Force adopt assumptions for residential mortgage-backed securities

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • December 8 2009

On December 2, 2009, the NAIC Valuation of Securities (E) Task Force adopted final assumptions ("the Assumptions") for the financial model used in determining risk based capital ("RBC") for insurer owned residential mortgage-backed securities ("RMBS"

ACLI calls for prohibition of life settlement securitizations

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • February 9 2010

On February 3, 2010, the American Council of Life Insurers ("ACLI"), a Washington based trade association representing the life insurance industry, issued a policy statement recommending that the securitization of life settlements be prohibited by legislation or regulation