Insurer portfolios: archive
Every Insurer portfolios story in Insurance, newest first. 69 stories
1 story
Kinsale books $37.6M pre-tax loss on portfolio repositioning
The carrier says the portfolio move left book value intact; operating earnings rose 5.9% and net investment income climbed 17.5%.
2 stories
AI developers turn to insurers for data-centre capital, FT editor says
Antoine Gara of the Financial Times told a webinar that innovation in structuring investment-grade debt has been 'key to unlocking trillions of dollars'.
Ategrity posts 84.7% combined ratio but $17.2m investment loss cuts net income
The E&S insurer carries a $219m utility and infrastructure portfolio at fair value, which it says drives volatility separate from underwriting.
1 story
Conning CIO says resilient U.S. economy is a key driver of higher Treasury yields
Cynthia Beaulieu's Investment Perspective also examines Federal Reserve policy and fixed-income opportunities, according to Insurance AUM Journal.
2 stories
Chubb's record $1.79bn investment income blunts catastrophe losses that more than doubled
Third-quarter net income rose 1.5 per cent to $2.84 billion as pre-tax investment income gained 8.6 per cent and catastrophe costs reached $705 million.
RLI's casualty segment posts $1 million underwriting income on $8.2 million reserve release
The casualty combined ratio rose to 99.6, and the current accident year was below zero before reserve releases.
1 story
Geoff Cornell and Eric Winograd link higher long yields to real rates
Their Oct. 16 piece in Insurance AUM Journal says steady breakevens and productivity near 2% support a higher neutral rate.
3 stories
Travelers Q3 2026 core income up 4% to $1.947bn as renewal pricing cools
The average renewal rate increase in the domestic business insurance book, excluding National Accounts, fell to 0.9% from 4.3% a year earlier.
Sumitomo Life earmarks up to ¥1 trillion for US, Southeast Asia investments
Sumitomo Life President Yukinori Takada told Bloomberg News Symetra Financial will lead the US search and named Singapore's Income Insurance as a possible Asian target.
Joe Pursley of Nuveen warns insurers data-centre exposure duplicates across five sleeves
He urged a bottom-up thematic audit to stop one AI data-centre asset landing in five separate allocations.
1 story
Moody's says insurers are both investors and providers of risk transfer in climate blended finance
Guarantee and insurance products were 14% of the concessional instruments development lenders used in climate blended finance deals from 2022 to 2024, per data Moody's cites.
1 story
Insurance AUM Journal column argues a flatter curve favors short duration
The 10-year Treasury yield rose 80 basis points in the third quarter to just below 5.3%, leaving the 2-year not far behind.
2 stories
Tokio Marine HCC commits $100M as seed investor in IFC, BlueOrchard fund
Tokio Marine & Nichido Fire adds $200 million, bringing the group's anchor commitment to $300 million at the evergreen fund's first closing.
Selective Insurance Group names Vaib Kalia permanent chief investment officer
Kalia has led Selective's investment function on an interim basis since June and was previously its head of fixed income.
1 story
AM Best finds Iran conflict hits UAE insurers' asset valuations
War-risk add-on premiums have repriced and are mostly ceded, while local equity and bond swings reach the investment book, the April 14 report finds.
1 story
AM Best reports U.S. life/health admitted assets at $10.28 trillion, up 3.9% in six months
The Best's Rankings report gives a half-year change but no carrier-level table or general/separate split.
3 stories
American Overseas Group retires its 12% notes as quarterly profit falls to $1.6 million
Remaining debt is $5.3 million of 9 per cent notes after the 12 per cent issue was cleared.
MIM's Market Strategy team overweights U.S. investment grade and residential whole loans, underweights cash
The note says a September policy-rate increase looks likely and rests its growth call on AI infrastructure spending and consumer spending.
U.S. property/casualty mutual insurers double net income as underwriting swings to $14.8 billion gain
AM Best attributes the $42.6 billion 2025 result to rate increases, restructured discounts and higher deductibles filed before 2025, with net premiums written up about 5%.
4 stories
Allshores posts 15.7% first-half operating profit rise as investment return drops 30.5%
Bermuda-listed insurer's net income fell 41.3% against a prior-year $45.8 million one-off gain, while shareholders' equity rose 23.8% to $478.1 million.
Collis and Ngai pitch India's onshore bonds as strategic fixed income allocation
The commentary cites scale, index inclusion and domestic-cycle yields but names no insurer that has acted on the case.
Committing more after volatility spikes beat fixed pacing in QRG vintage study
The analysis ranks each prior year-end VIX against a rolling ten-year window and scales annual commitments to that percentile.
NAIC private-credit report works from five categories as insurer exposure resists definition
The NAIC report ties the yield premium to heavier underwriting and valuation demands and calls its own private-credit exposure figures best estimates.
2 stories
The small-loan convexity hedge in agency MBS is wearing out
Home price growth has been resetting the collateral behind agency MBS even as the sector's option-adjusted spread tightened.
Insurers should buy the takeout, not the bridge loan
In a half year that produced $179 billion of CMBS, the fastest-growing vehicles are the ones a general account is worst paid to hold.
1 story
The general account's constraint is capital text, not yield
Life insurers are being told to add three asset classes, but the charge attached to holding them is still being drafted
2 stories
AI turns growth equity into a manager-selection test
Insurers bought growth equity for buyout-like losses and venture-like upside; AI is deciding which managers keep that bargain.
First Eagle's insurer barbell is a curve view with no ends attached
The $217 billion manager's September note to insurers turns on the slope of the curve, and the public excerpt does not show where the ends sit.
2 stories
Higher yields arrive as the premium flow slows
Insurers carry a strong underwriting half into a rate reversal that improves reinvestment yields on a shrinking stream of new money while the same energy-driven inflation lifts claims costs.
Fewer PRT deals leave insurer portfolios with less pension money
October Three's carrier survey counted $6.05 billion of pension risk transfer premium in a first half that should have been heavier, and the shortfall is already showing up in the reserves that fund insurer portfolios.
1 story
Life insurers' five-year yield streak is a bet on the RBC text
The general-account strategies behind five straight strong second quarters are the same ones regulators are preparing to charge for, so the streak is a bet on where the capital charge lands.
2 stories
Gundlach's hold call is an insurer duration problem
Gundlach's webcast a week before the FOMC puts the general account's next duration decision on the long end of the curve, where a hold does the repricing.
Growth equity's insurance pitch runs into the capital charge
The size of an insurer's growth equity sleeve will come from the RBC text, not the return deck.
3 stories
StepStone calls a real estate bottom; the properties will say if it's right
The house view gives general accounts a level to argue with, but the entry decision lives in which properties are being forced to market and why.
Onshore admitted assets grow $400 billion; sidecars compound five times faster
U.S. life/health admitted assets rose 4% to $10.31 trillion in six months; Bermuda's sidecar book compounded roughly five times faster.
NEAM reads July's hawkish minority as a general-account warning
Three members voted to hike, and payrolls have since averaged 20,000. For insurers, the question is what the next maturing bond buys.
2 stories
Sub-$250m carriers are the center of gravity in outsourcing
NAIC data shows penetration up only a tick, but two-thirds of outsourcers are small insurers handing one manager the whole general account.
Berkshire’s Alphabet stake is a bet on the power underneath AI
Greg Abel ties the $37.8 billion position, plus $10 billion more taken at a discount, to data-center electricity demand—the constraint the credit side of the AI trade turns on.
1 story
EM private credit needs an EM seat
PPM America says insurers should run the loans against country and currency limits, not direct-lending credit assumptions.
1 story
Warsh's hold hands general accounts a 2007-level long end
Three dissents and a steepening curve turn the hold into a duration decision before September's inflation data.