Market insight

• What is a CLO?

  CLOs provide an efficient, scalable way of investing in floating-rate loans while offering structural protection that has historically performed well through multiple credit cycles.

  

• STS ABS: Opportunities and expectations for European insurance investment portfolios

  The Simple, Transparent and Standardised asset-backed security (STS ABS) market can offer attractive potential risk-adjusted returns to complement an exposure to high-quality corporate and government bonds.

  

• Infrastructure debt: The long game

  A core asset class for insurance balance sheets throughout the economic cycle.

  

• Portfolio Finance: An Opportunity for Enhanced Spreads Through IG Credit

  Portfolio finance offers a number of potential benefits for insurers seeking to generate enhanced spreads at scale in a growing market.

  

• How insurers can harness prime opportunities within direct lending

  Conditions within the rapidly growing direct lending market have changed in recent times, opening up prime opportunities for insurers at the more conservative end of the spectrum

  

• Insurance solutions: Rise of the residential whole loan

  Given the potential for yield and capital efficiency, residential whole loan mortgages have been the fastest growing asset class in life insurers' investment allocations in recent years.

  

• Liquidity optimisation for insurers: Building a bespoke portfolio solution

  Access to cash and cash-equivalents has come into greater focus in the wake of recent market events and regulatory changes. Regulators around the world have been asking investors to hold more liquidity and/or placing greater emphasis on existing rules.

  

• Portfolio Finance: Missing a $100+ Billion Annual Opportunity

  The rapid expansion of private markets has created an opportunity for investors to earn attractive returns in private IG credit, underpinned by the financing needs of asset managers and funds. Yet this segment of the market remains little known and less understood.

  

• The lost art of credit analysis in buy and maintain management

  As we move into the later stages of the credit cycle, effective risk management within core fixed income portfolios is an increasingly pertinent issue for insurance companies. In our view, it is vital to have an active approach within buy and maintain strategies, to capture upside potential and mitigate downside impact.

  

• Untangling complexity: A step-by-step guide to crafting optimal portfolios under the Matching Adjustment (2024 edition)

  In our 2024 edition, we provide insight into the proposed MA reforms and the key areas in which this will impact insurers from an investment and reporting perspective.