We do not see signs of systemic risk, but further volatility is likely in the near term.
Political brinksmanship over the debt limit is poised to push the Treasury to the edge.
A tight labor market is keeping the Fed in a rate-hiking mode.
A mortgage lending portfolio focused on positive social and environmental impact can help investors achieve impact goals while securing an attractive income stream.
As we enter the new year, attention is shifting from inflation to the economy and the effects of tighter Federal Reserve policy.
Changing the risk-based capital framework is likely to increase charges on BBB, BB and B rated tranches of collateralized loan obligations (CLOs).
In our view, valuations appear reasonable and private equity remains a compelling way for insurers to gain exposure to alternatives.
Market-to-book ratios are at historical lows for many stable value portfolios, but this rate-driven move isn’t cause for concern.
Eyes remain firmly on the Federal Reserve, which has engineered a landscape of materially higher real and nominal rates.
The gilt crisis that brought down a UK prime minister also pummeled pension schemes and dialed up the heat on liability-driven investing.
Look under the hood of sizzling headline inflation, and you’ll see it starting to cool.
Securitized credit provides diverse, structured and customizable access to U.S.-centric risk that seems best positioned to weather any economic uncertainty on the horizon.
In this environment of extreme volatility, the best way for insurers to manage risk is to purchase investments with a built-in margin of safety.