As insurers increasingly transfer their regulatory risk reserves, it’s likely that this year's issuance of so-called "XXX securitizations"—securing held redundant reserves—will eclipse 2011 levels.
Dennis Ho, a director at Deutsche Bank, identified this possibility at Standard & Poor's Ratings Services' recent Insurance 2012 Conference. Ho, one of many panelists at the event, said the crisis created a lot of pent-up demand for people who weren't able to perform such transactions in the past.
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