Securities lending down over 10% among US insurers in 2018
US insurers retreated from the securities and cash lending markets in 2018, data from the National Association of Insurance Commissioners (NAIC) shows.
Insurers’ reinvested collateral – the total amount of cash and other instruments received via securities lending transactions (SLT) – was $49.7 billion at end-2018, down $5.9 billion (10.6%) year-on-year. The drop continued a trend stretching back to at least 2013, when reinvested collateral stood at $61 billion.
The bulk of reinvested
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