PHOENIX - Insurance product securitization is leading the pack in new asset classes seen throughout late last year and early this year, noted panelists at last week's Information Management Network ABS West 2005 opening panel discussion.

MBIA structured finance chief Mark Zucker reported that "triple-X [ABS] product inquiries have increased multifold," driven primarily by increased cash reserve requirements placed on insurers. "MBIA has closed two triple-X deals this year and the pipeline for all monolines is full," Zucker added.

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