AM Best


A.M. Best to Present Webinar on Insurers' Use of Surplus Notes and Insurance Trust Preferred Collateralized Debt Obligations


CONTACTS:

Jim Peavy
Assistant Vice President, Public Relations
(908) 439-2200, ext. 5644
james.peavy@ambest.com

FOR IMMEDIATE RELEASE

OLDWICK - DECEMBER 01, 2015 10:54 AM (EST)
Emmanuel Modu, A.M. Best managing director and global head of insurance-linked securities, will lead a webinar examining surplus notes and insurance trust preferred collateralized debt obligations (CDO). The complimentary event is set for Tuesday, December 15 at 2 p.m. (EST).

Register at http://www.ambest.com/webinars/tpcdo1215.

Trust preferred CDOs are a funding source for small to medium-sized insurance companies that find it cost prohibitive to issue capital on their own or whose ratings are not favorable enough for independent capital raising efforts. Insurance trust preferreds are attractive to issuers because dividends paid are tax deductible and they receive some level of equity credit.

Topics to be covered in the webinar include: A.M. Best’s process for rating insurance trust preferred CDOs, the actual impairments/recoveries of the collateral pool in these transactions, the performance of the rated securities and other aspects of the transactions.

Viewers may also follow @AMBestCo on Twitter for live tweets from the webinar using #CDO15. Playback of this webinar will be available shortly after the event.

Attendees can submit questions in advance during registration or email questions to news@ambest.com during the live event, which will be streamed in video and audio format.

For more information about the webinar, please call (908) 439-2200, ext. 5561, or e-mail lee.mcdonald@ambest.com.

A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source.