Insights

These views and opinions are those of the authors at the time of writing, may be subject to change, are for informational purposes only, and they should not be construed as investment advice or a recommendation for the purchase or sale of securities by Conning. The information may not be current and Conning has no obligation to provide any updates or changes. Individual portfolio management teams for Conning may have views and opinions and/or make investment decisions that, in certain instance, may not always be consistent with the views and opinions expressed therein. While any third-party data used is considered reliable, its accuracy is not guaranteed.

Webinar: An Introduction to the CLO Debt & Equity Asset Classes

12/05/2019

Conning believes many insurers could benefit from an exposure to collateralized loan obligations (CLOs) but may be hesitant to invest in an unfamiliar asset class. Our affiliates at Octagon Credit Investors are highly experienced CLO investors and managers and have developed this educational webinar on the asset class.


Pension Funded Status Tracker October 2019

11/19/2019

Over the course of October, the funded status of the average U.S. corporate defined benefit pension increased by 1% to 90% funded. Investment gains in the growth portfolio was the key driver of asset performance, though liabilities were relatively flat and as a result, the effective discount rate dropped by only two basis points.


Cyber Coverage: What You Don't Know Might Hurt You

10/22/2019

The threat of cyber-attacks – attempts by hackers to damage or destroy a computer network or system – continues to grow. So too does the threat of the “silent cyber” risk for insurers: the exposure to claims from polices that were neither intended to respond to, nor priced for, cyber-related events.

 


Pension Funded Status Tracker September 2019

10/14/2019

During the month of September, the average corporate defined benefit pension plan’s funded status increased by 2% to 89% funded. The asset portfolio marginally increased in value, while liabilities decreased in value as a result of increased interest rates.


Pension Funded Status Tracker August 2019

09/19/2019

During the month of August the funded status of the average U.S. corporate defined benefit pension fell by 3% to 87% funded. The asset portfolio witnessed mixed returns though increased in overall value over the month and liabilities also increased in value, primarily driven by a large drop in interest rates. 


CLOs: A Distinct Income Opportunity in Today's Environment

08/30/2019

Fixed-income investors concerned that interest rates will rise might want to consider collateralized loan obligation (CLO) securities. CLOs feature floating interest rates, which may help hedge against rising market interest rates.


Insurance M&A in the First Half of 2019: Taking a Breather

08/22/2019

The pace of mergers and acquisitions (M&A) in the insurance industry slowed during the first half of 2019 compared to the same period in 2018. However, we expect more deals as the year progresses. Conning’s Jerry Theodorou offers insights on trends in M&A activity across insurance sectors through the first half of 2019. 


Pension Funded Status Tracker July 2019

08/20/2019

During the month of July 2019, the average corporate defined benefit pension plan’s funded status remained flat at 90%. The asset portfolio marginally increased in value and liabilities also increased in value as a result of spreads tightening.


Esoteric ABS: A Clear Opportunity for Uncertain Times

08/13/2019

The asset-backed securities (ABS) subset known as “esoteric ABS” may sound complex but it is often backed by collateral that is easy to understand, such as commercial aircraft, railcars and shipping containers. Learning more about esoteric ABS may be rewarding: a number of esoteric ABS are currently offering yields at a premium to traditional ABS and other assets of similar quality and duration.