Bonds

Bonds

• Bond Insurers
• Bond Lending
• Corporate Bonds
• Junk Bonds
• Municipal Bonds
• Private Placement Bonds

• NAIC – Troubled Company Working Group of the Examination Oversight (EX4) Task Force
  • 1990-2, NAIC Proceedings
    • Chair – Norman Koefoed, Chair (Ill);
    • (p ) – The Chair notified the task force that a Non-Investment Bonds Working Group had been appointed to review companies with large holdings in non-investment grade bonds.

• 1989 – SOA – The Risk of Asset Default Report of the Society of Actuaries C-1 Risk Task Force of the Committee on Valuation and Related Areas, by Irwin T. Vanderhoof, Faye Albert, Aaron Tenenbein, And Ralph Verni, tsa89v4116 – Society of Actuaries – 46p
  • This paper summarizes default experience on bonds from 1900 through 1987.
  • Although the information is more extensive for publicly traded bonds, the paper includes some information on private placements, some of which is not otherwise available.
  • It should constitute an appropriate reference for defaults and default losses.

• Insurers’ medium and lower quality bond investments – NAIC
• 100733-01.pdf
• 274-100733-1996.pdf
• 275-100733-1997.pdf
• 276-100733-1998.pdf
• 277-100733-1999.pdf
• 278-100733-2000.pdf
• 279-100733-2001.pdf
• 280-100733-1990.pdf
• 281-100733-1991.pdf
• 282-100733-1992.pdf
• 283-100733-1993.pdf
• 284-100733-1994.pdf
• 285-100733-1995.pdf

• The National Association of Bond Lawyers
  • The Bond Lawyer – The Journal of the National Association of Bond Lawyers
  • 2000 0301 – The Bond Lawyer – 34p
    • Task Force on Financial Products of the Future. – John Cross of Hawkins, Delafield chairs this task force, with Arthur Miller of Goldman Sachs serving as Vice-Chair. The Task Force hopes to publish recommendations regarding financial products to enhance the municipal market.