Markets, economy, stocks, growth, global, fixed income, international, asset classes
In our first post of the “Insurers and COVID-19” series, we analyzes the public equity portfolios of P&C insurers during this turbulent time.
This paper examines the U.S. commercial mortgage loan (CML) market and U.S. insurers’ investments in CMLs.
In this article, we (1) discuss the key considerations for insurers when allocating to alternatives and (2) make the case for core alternatives strategies, which can provide stable income and low total return volatility.
In this paper, we assess the potential risks associated with such a strategy by stressing capital requirements using spread-implied ratings.
Since the financial crisis, for a relatively liquid investment CLOs consistently have had the highest spreads net of capital costs for US life insurers.
A preliminary analysis
Relaunching a new phase of QE could be interpreted as a signal that the U.S. economic outlook is dire.
The 60/40 Asset Allocation Has Two Problems – The “60” and the “40”
Capital framework discussion from the NAIC 2019 Fall National Meeting.