Fitch Sets New ILS Unit

The ILS market witnessed nearly $5.6 billion of issuance in 2005 and $8.9 billion in 2006, an increase of 59 percent. Going forward, Fitch said it expects volume in this sector to increase by approxim

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Fitch Ratings announced it has formed a global analytical working group that will rate all forms of insurance-linked securities.

The unit will analyze catastrophe bonds, redundant reserves, disability income, catastrophic mortality and embedded value transactions.

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