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Results: 1-10 of 14

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

Commentators disagree over D&OE&O exposure from subprime litigation

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • October 19 2007

A recent report by Lehman Brothers Equity Research ("Lehman") concluded that the estimated impact to D&OE&O insurers from subprime issues will likely be no more than $1 billion

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

Fitch ratings updates its ratings criteria for catastrophe bonds

  • Edwards Wildman Palmer LLP
  • -
  • Global
  • -
  • March 14 2008

Fitch Ratings has updated its ratings criteria for catastrophe bonds, that is to say structured financings where payments to investors are exposed to the risk of catastrophic events such as earthquakes, hurricanes and fires

International Association of Insurance Supervisors to prepare common standards for insurance securities

  • Edwards Wildman Palmer LLP
  • -
  • Global
  • -
  • September 10 2009

The International Association of Insurance Supervisors (IAIS) has said that it is preparing guidance to the regulatory and supervisory community in relation to insurance securitisation which is expected to be finalised in 2011

Massachusetts state pension fund will not (and cannot) form bond insurer

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • April 10 2008

Michael Travaglini, who oversees the Massachusetts Pension Reserves Investment Management Board, recently voiced his disagreement with California Treasurer Bill Lockyer’s plan to form a state-owned bond insurer, saying that pension funds should not be in the business of insuring securities

Fitch downgrades MBIA to AA

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • April 10 2008

Last week, Fitch Ratings downgraded MBIA Insurance Corp. and its subsidiaries from AAA to AA, stating that the bond insurer’s pro-forma claims paying resources at year-end 2007 now fall below Fitch’s AAA capital targets by $3.4 to $3.8bn

Latest aspect of the credit crisis: auction rate securities auction failures

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • February 13 2008

The credit crisis ushered in by the collapse of the market for subprime-mortgage-backed securities continues to spread through the debt markets

To secure or not to secure when you reinsure, that is the question

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • June 17 2009

At least two factors have led cedents and reinsurers to reconsider traditional approaches to the collateralization of reinsurance obligations in the last twelve months

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