Regulation Triple-X, the ruling that mandates how much cash reserve insurance companies must keep against their term life portfolios, has insurance carriers seeking reserve relief in the securitization market. At least two such transactions are seen funding before the year is through.

"Securitization has emerged as an important tool for managing various aspects of the insurance business," said Scott Willkomm, president of Scottish Re Group Ltd., during a panel discussion at Standard & Poor's conference dedicated to new assets in held last wee New York. "The funding of noneconomic reserves from the capital markets is the most important element."

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.