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Next recession to hit US insurers’ assets harder than 2008 crisis
02 April 2019The recession is coming in 2020, according to Guggenheim Investments and will be focused on the corporate bond sector. This, coupled with increased leverage and poorer liquidity, suggests the next downturn could be worse for US insurers than 2008. Sarfraz Thind reports
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CLO market "hysteria" overstated
22 March 2019Turning credit market risk high on American Council of Life Insurers conference agenda
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The BBB effect: apocalypse or opportunity?
12 March 2019US insurers are holding bigger volumes of BBB-rated corporate debt than at any time in the past. A turning credit cycle could tip significant amounts of these to junk. But while the headline figures look startling, is this really a precursor to the apocalypse or just another bad news story? Sarfraz Thind reports
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GE seeks riskier assets to prop insurance business
12 March 2019Junk bonds, infrastructure debt and equities on buy-list
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Pomona’s private equity niche
28 February 2019Pomona Capital’s founder, Michael Granoff explains how his company has tapped into the private equity niche and how it is preparing for a potential turn in the cycle. Interview by Sarfraz Thind
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US P&C insurers set for modest improvement in investment income
28 February 2019Investment results improving on higher rates but equity volatility hurts
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US insurers attraction for CLOs
31 January 2019Collateralised loan obligations have been rapidly growing in US insurer portfolios as they cast off the shadow of the financial crisis. But, with a predicted downturn on the horizon, are they safe? Sarfraz Thind reports
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US P&C sector expected to shun riskier assets in 2018
04 December 2018Increased volatility, lower growth and tighter monetary policy conditions are likely to see a shift away from riskier assets by US P&C insurers in the next 12 months, according to a report by AM Best. By Sarfraz Thind
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Penn Mutual AM targeting the smaller insurer
27 November 2018Penn Mutual Asset Management is on the lookout for insurer assets. Since it rebranded in 2014, the Penn Mutual affiliate has been saying it is on a push to target the small-tier US insurance market that it believes to be poorly catered for by larger asset managers. But does it have what smaller insurers want? By Sarfraz Thind