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CIOs to fasten seatbelts for bumpy landing as Fed spots runway
13 September 2023"The Fed won't hike rates next week," former president of Kansas City Fed predicts. While asset owners are at odds on the likelihood of a recession and asset managers brace themselves for what will not be a "piece of (cheese)cake"
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NAIC notes some insurers "aggressively" taking more risk in CLOs
12 September 2023While exposure to these instruments is expected to have grown by $20bn to $30bn in 2022
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NAIC highlights volatility and liquidity as key investment risks
12 September 2023Yet doesn't foresee major changes in insurers' investment strategies
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NAIC not worried about insurer liquidity
12 September 2023Stress tests show insurers well prepared for cash crunch event
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US soft landing by no means a given
12 September 2023Thomas Hoenig outlines difficulties faced by US economy at NAIC insurance summit
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TIAA's $2.6bn residential mortgage purchases boosted market in H1
08 September 2023Overall US insurer residential mortgage volumes hit new high but at subdued growth rates
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PGIM to manage assets for Prudential Financial reinsurance venture
08 September 2023Bermudian-based Prismic Life set up with an initial $10bn annuity base
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Nassau and Fortress form investment management partnership
05 September 2023Fortress takes minority stake in Nassau, giving Nassau insurance subsidiaries access to Fortress credit strategies
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PGIM launches carbon solutions investment fund
05 September 2023New fund will target renewables, carbon capture and electrification assets
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US non-life insurers well placed to ride out real estate crunch
31 August 2023Fitch says industry had 23% of surplus in real estate at end of 2022