Hedging against death: Market for bonds tied to life insurance soar
Hedging against death: Market for bonds tied to life insurance soarWall Street would like to do with life insurance what it has done with mortgages -- create a booming business in bonds linked to the underlying contracts. The concept is catching on, and demand is rising for so-called death bonds. Insurers sold $5.4 billion in bonds linked to life insurance and mortality last year, according to Fitch Ratings.
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Labels: fitch ratings, insurance bonds, insurance derivatives, rating agencies
posted by Victor Lloyd Smith @ 5:40 PM
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