Finance

Aviation Capital Group, a wholly owned unit of Pacific Life Insurance Co., has redeemed $1.86 billion of asset-backed securities issued in 2005.

As the Florida Hurricane Catastrophe Fund prepares to return to the municipal bond market for the first time in nearly three years, the agency's chief plans to retire.

The Federal Housing Finance Agency may face legislation or a lawsuit in the near future as it tries to force captive insurance companies to exit the Federal Home Loan Bank System,

Add Southcross Energy Partners, Seventy Seven Energy, Verso Corp., and Paragon Offshore to the list of credits held by collateralized loan obligation that appear to be headed for default.

As investors continue to unload loans to risky companies, pushing prices into distressed territory, those still holding these investments are increasingly looking the other way.

CIG Financial is marketing its first ever public term auto loan securitization, according to DBRS.

Hyundai Motors America is marketing $604.42 million of notes backed by auto leases, according to Fitch Ratings.

Navient is making a January debut in the securitization market with plans to sell $488 million worth of bonds backed by private student from its private education loan trust, according to Fitch Ratings.

Morgan Stanley plans to securitize the senior portion of a $310 million commercial real estate loan it underwrote for Simon Property Group, according to Standard & Poor’s

A new Spanish auto loan securitization is coming down the pike.

Credit Suisse’s first 2016 CMBS, to be issued from its CSAIL trust, pools a considerably smaller amount of loans relative to the sponsor’s previous two deals.

Societe Generale SA is pulling back from the U.S. mortgage-bond business just two years after building out the unit, according to two people with knowledge of the matter.

Martin Stephenson is joining JLT Re, the 4th largest reinsurance broker in the world.

LoanHero, an online lender specializing in consumer loans at the cash register, announced that it has raised $2.5 million in seed funding.

JP Morgan is marketing $585 million of bonds backed by a single loan secured by a portfolio of 30 hotel properties, according to Fitch Ratings.

Discover Bank and Royal Bank of Canada are marketing the first two offerings of the year of notes backed by credit card receivables.

Deutsche Bank and Cantor Fitzgerald plan to issue $1 billion of securities backed by commercial mortgage loans via COMM Series 2016-CCRE28.

Overlapping missions and jurisdictions are fueling competition between the Consumer Financial Protection Bureau and the Federal Trade Commission, according to former officials at both agencies.

Online lender Enova International said Friday it has entered into a $175 million asset-backed financing facility for its NetCredit installment loan portfolio.