July 2010/1

Two US subsidiaries of UK insurer Aviva Group have completed a $325mn Regulation XXX reserve financing deal with Credit Agricole, continuing a series of transactions predicted by Trading Risk.

Bermuda-headquartered (re)insurer Hiscox has eschewed contingent capital solutions and renewed a three-year revolving credit facility to take advantage of an expected hardening market if there is a heavy US wind season.

A stalled longevity swap by Premier Foods may be brought back to life, as market factors prove more compelling than the estimated 3-10 percent pricing gap believed to be slowing transactions in the nascent market, Trading Risk understands