Even Covid couldn’t stop insurers buying risky CLO tranches

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

US insurance companies invested more money in collateralised loan obligations last year, even as the Covid-19 pandemic threatened to trigger a wave of defaults on the loans backing the securities.

Life insurers held 13.1% of their assets in asset-backed securities – the investment category that contains CLOs – at the end of 2020, compared with 11.4% in 2016, according to Mary Pat Campbell who researches the sector for Conning, a specialist asset manager.

“Yields for the entire US life industry

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]