The SECURE Act
Let ALIRT help you implement a “best practice” approach to selecting annuity carrier partners as part of your fiduciary duty and safe harbor requirements.
U.S. Life Insurer Exposure to Less Liquid Bonds
Life insurers have long held a mix of assets with various liquidity profiles from the very liquid to the nearly illiquid In this review we highlight some of the less liquid components
Below Investment Grade Bond Exposure for Life Insurers
Below Investment Grade BIG bonds consist of all bonds rated BB+ Ba1 or lower by public rating agencies In the statutory financial statement there are four different Classes of BIG bonds and
Largest U.S. Surplus Lines Carriers Underperforming the Broader Commercial Lines Market
Last month A M Best released its annual study of the U S surplus lines market We thought this a perfect opportunity to review the financial quality of the largest domestic E
Privately-Owned Insurers in the U.S. Life Insurance Industry
In the wake of the 2008 2009 global financial crisis the U S life insurance industry underwent a spate of business sales exits spin offs and product changes in the 2010s which
BBB-rated Bond Exposure for Life Insurers
Life insurers significantly increased their holdings of NAIC Class 2 bonds bonds with BBB Baa ratings public rating agencies in the years since the financial crisis of 2008 2009
Prudential Agrees to Reinsure block of Guaranteed Universal Life Insurance with Somerset Re
Prudential Financial Inc PRU announced this week that it had entered into a reinsurance agreement to cede a $12 5 billion block of guaranteed universal life insurance business GUL to Bermuda based
Mortality for the Life Insurance Industry in 2022
In this review we highlight the increase in mortality and its continued impact on the U S life insurance industry
MetLife and Prudential Cede Legacy Blocks
In the past week both MetLife Inc MetLife and Prudential Financial Inc Prudential announced reinsurance transactions pertaining to existing products and business lines Details regarding each transaction are highlighted below
No Surprise – Hallmark Insurer Subsidiaries Downgraded
As if on cue last Friday May 5th A M Best downgraded the Hallmark Financial subsidiaries below the critical A level to B++ 5th highest citing a significant decline in Hallmark s
Lincoln National Reinsures $28 Billion of Reserves to Fortitude Re
On May 2 2023 Lincoln National Corp announced that it had entered into a reinsurance transaction with
Fortitude Reinsurance Company Ltd Fortitude Re a Bermuda domiciled reinsurer The transaction comprises $28
U.S. Life Insurer Exposure to Less Liquid Bonds
Life insurers have long held a mix of assets with various liquidity profiles from the very liquid to the
nearly illiquid Investments with the highest liquidity include investment grade bonds especially<br
Mortgage Loan Exposure for Life Insurers
Mortgage loans have long been one of the most important asset classes for life insurers Life insurers do not have substantial direct investments in real estate but they do participate in real
Liquidity and Risks for Life Insurers
There has been considerable client interest in the liquidity of life insurance and annuity companies in the wake of
bank regulatory actions against Silicon Valley Bank SVB and Signature Bank of
Unpacking Hurricane Ian Losses
As ALIRT prepares to digest the 9 month 2022 statutory financial filings issued late last week we pause to consider the impact of Hurricane Ian which struck Florida with sizeable force in
Lincoln National Update Following $2.6 Billion Quarterly Loss
On November 2 2022 Lincoln National Corporation LNC announced a $2 6 billion GAAP1 net loss for
the third quarter 2022 which followed its annual review of reserve assumptions and deferred
U.S. Life Insurers’ Bermuda Reinsurance Exposure
The U S Life Insurance Industry has long utilized foreign reinsurance as part of its risk and capital
management strategies In recent years the use of Bermuda reinsurance in particular has
U.S. Life Insurer Exposure to Alternative (Schedule BA) Investments
Life insurance companies investment portfolios are heavily oriented to fixed income assets such as bonds both traditional bonds and structured securities and mortgage loans These assets together with policy loans and cash
Higher Interest Rates and Life Insurance and Annuity Companies
The direction and level of interest rates have considerable impact on life insurance companies and their reported financial results This is the result of several factors which include but are not limited
Below Investment Grade Bond Exposure for Life Insurers
Below Investment Grade BIG bonds consist of all bonds rated BB+ Ba1 or lower by public rating agencies
In the statutory financial statement there are four different Classes of BIG
Florida Domestic Insurer Market Update
It is fitting to be updating this Florida Domestic Insurer market review in 2022 a year which marks the 30th anniversary of Hurricane Andrew This storm which made landfall as a category
