- Head of Multi-Asset Strategy – Insurance
United States, Institutional
Change
The views expressed are those of the speaker at the time of filming. Other teams may hold different views and make differentinvestment decisions. The value of your investment may become worth more or less than at the time of original investment.While any third-party data used is considered reliable, its accuracy is not guaranteed. For professional, institutional, oraccredited investors only.
In this month’s Insurance Quick Take, Tim Antonelli discusses two recent papers from the Chicago Federal Reserve on the use of private placement investments. While the papers are focused on US life insurers, Tim shares observations for insurers globally.
Key points:
- Private placements may help insurers with goals related to asset/liability management, diversification, credit protection, and risk-adjusted returns.
- As insurers consider increasing their exposure to private placements, they also need to be aware of potential complexities and risks, including issues around relative liquidity and the recent growth in the floating-rate segment of the market.
- As interest rates begin to normalize, insurers may want to think about the private placement universe as an extension of their core bond and reserve-backing investments.
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