August ABS issuance falls to $27.2B; office CMBS delinquencies hit 12%
August ABS volume ran about 20% below the prior four months' pace; year-to-date issuance of $256.5 billion is on pace to surpass 2024 and 2025.
Insurance
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Wellington insurance bond team wins asset manager award
The FRM group builds reserve portfolios around insurers' accounting, capital and liquidity limits, its portfolio manager says.
Yesterday
US life insurers' AI holdings rise 24% to $85.2 billion
Moody's counts the exposure at 1.4% of cash and invested assets, with guarantees and leases adding exposure outside the reported figure.
Oct 25
Chubb's cat costs more than doubled; investment income hit $1.79bn
Pre-tax investment income rose 8.6% to a record $1.79 billion; Travelers' domestic business renewal increases, excluding National Accounts, slowed to 0.9% from 4.3%.
Oct 23
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