SIGNIFICANT RISK TRANSFER
SUBCLASSES
- Cyber
- Financial
- Nuclear
- Personal Accident
- Political Violence
- Miscellaneous
TARGET CLIENTS
- Regulated banks who are seeking to reduce risk
weighted assets (RWA) & therefore regulatory capital
using the Capital Requirements Regulation (CRR)
SRT methodology / Basel capital rules.
APPETITE
- Any jurisdiction around the world but main focus is UK
& Europe - Any underlying asset class provided there is some
granularity. Auto, Consumer, Mortgage, Real Estate,
SME Loans, Corporate Loans etc… - 1st loss, XS of expected loss, mezzanine protection
or other - Replenishment features are OK
COVER
- Insurance or guarantee of the credit default risk on a 1st
or mezzanine tranche of a portfolio of assets
CAPABILITIES
- Normal Max Line Size EUR 200m but could be higher
- Normal Max Tenor ~10 years but could be longer
- Insurance or guarantee form
