The SECURE Act
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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
Trends in Individual Annuities
In this review we concentrate on the recent changes in the annuity product landscape
ALIRT Research – Three Weddings (and a Funeral?)
It is commonly held that the present six year hard market pricing cycle has been a boon for U S commercial lines insurers And this is certainly true generally But we must
Badger Mutual Faces Severe A.M. Best Downgrade – Regional Property/Auto Insurers Under Pressure
The worsening plight of a number of smaller regional property 038 casualty insurers was on full display today as A M Best downgraded Milwaukee based Badger Mutual Insurance Company BMIC three pegs
ALIRT Research – Fronting Insurers Update
Given the recent bombshell regarding fraudulent collateral issues at insurtech Vesttoo a development which follows closely upon a $60 million collateral dispute write down by Trisura in 4Q2022 we provide below an
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
More Trouble Ahead For U.S. Property Insurers? Heeding The Canaries In the Coalmine
ALIRT recently noted the substantial downgrade of Texas property insurer Germania Farm Mutual Insurance Association GFMIA followed closely by the liquidation of Kansas based MutualAid eXchange MAX While we would normally not
ALIRT Industry Update: U.S. PC Review Six Months 2023
Below we provide first six months of 2023 6M23 financial highlights for the ALIRT P 038 C Composite1 based on insurers statutory financial statements
ALIRT Industry Update: U.S. Life Review Six Months 2023
Our six month 2023 financial highlights based on insurers statutory financial statements
Overview of Reciprocal Insurance Exchanges and Recent Market Trends
Reciprocal Insurance Exchanges RIE also referred to interinsurance exchanges have long been a part of the property 038 casualty P 038 C insurance industry with roots dating back to the late nineteenth
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
Cracks Starting to Show? Fallout From Collateral Issues with Vesttoo
It s tough times for the U S property 038 casualty P 038 C Industry Tough times for insureds who confront ever higher rates in most lines of business for re insurers
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
ALIRT Update: Residual Market Trends in Higher Risk States
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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
ALIRT Industry Update: U.S. Life Review Three Months 2023
Our three month 2023 financial highlights based on insurers statutory financial statements
ALIRT Industry Update: U.S. PC Review Three Months 2023
Below we provide first quarter 2023 financial highlights for the ALIRT P 038 C Composite1 based on insurers statutory financial statements
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