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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
November 13, 2006 at 03:12 PM
A giant European insurer has sold about $1.3 billion in securities linked to life insurance mortality risk to investors.
AXA S.A., Paris, securitized the mortality risk through a “special purpose vehicle,” OSIRIS Capital P.L.C.
AXA also has sold the equivalent of $450 million in mortality indexed notes.
The performance of the notes will depend on mortality levels in France, Japan and the United States, AXA says.
France will account for 60% of the fluctuations in the index; Japan, 15%; and the United States, 15%.
“This first offering was nearly 4 times oversubscribed,” AXA says.
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