Conning Named Technology Provider of the Year by MoneyAge
Conning was named Technology Provider of the Year by MoneyAge in its 2020 Asset Management Awards, recognized for providing a wide range of solutions to insurance and pension firms with its FIRM® Portfolio Analyzer and Investment Optimizer tools.
The State of the States in a Pandemic: Conning’s 2020 Municipal Credit Report
Conning changed its outlook to negative from stable on state credit quality. While state credit quality in 2019 was the strongest it had been in a decade, the COVID-19 pandemic will force states to make difficult budget decisions and possibly dip into reserves to address shortfalls.
Conning Sees Opportunities in Credit Despite Cycle’s Move into “Repair” Stage
The Conning Viewpoint, A Search for Credit Opportunities Amid Downgrades and Fallen Angels, examines how the COVID-19 pandemic struck fast and deep in credit markets, leading to a significant number of downgrades and record new issuance by investment grade (IG) firms. New debt and the expected lower earnings will likely weaken credit ratings, and IG issuers rated BBB – about half of the Bloomberg Barclays Investment Grade Index – face the risk of being downgraded to high yield.
Clear Path Analysis - Pension Plan De-Risking, North America 2020 Report
In the foreword to the Clear Path Analysis “Pension De-Risking North America 2020 Report,” Conning’s Sean Kurian outlines why it’s never too late to consider a disciplined de-risking strategy to help navigate a defined benefit plan’s inevitable peaks and troughs.
Conning Sees Pressure Rising on Medical Professional Liability (MPL) Carriers
Leading global investment management firm Conning said that data from the medical professional liability (MPL) insurance industry suggest that business and financial pressures are mounting on carriers, meaning that more trying times may be ahead.
Life-Annuity and Health M&A Continued as Insurers Looked for Growth in 2019; Muted Growth in 2020 Projected
In 2019, M&A activity involving acquisitions of life-annuity and health insurers in 2019 were slightly higher than in 2018, driven by broad economic, regulatory, competitive, technological, and demographic trends.
COVID-19 and Poor Countries: The Right Response
The world’s poorest countries affected by COVID-19 are in need of financial assistance, but Conning affiliate Global Evolution, a manager of emerging and frontier markets debt, argues that any solution must be driven by the principle of “crowding in” market-based finance through market confidence-building measures.
COVID-19 Impact on Frontier Market Sovereign Debt
Although Global Evolution’s Frontier Market (FM) sovereign debt portfolio enjoyed some isolation relative to other pure hard currency indices, the financial market risk contagion still aggressively bled into its universe.
While P&C Distribution M&A Flew High in 2019, Insurer Acquisitions Slowed
In 2019, M&A activity involving acquisitions of property and casualty insurers slowed considerably from 2018, down approximately 6% compared to the prior year. That’s in stark contrast to the distribution acquisition market that sustained strong interest from consolidators as well as private equity investors throughout 2019.
COVID-19 Provides Insurers an Opportunity to Demonstrate Value, But Political and Regulatory Risks Loom Large
Conning’s comprehensive examination of the pandemic’s impact, “COVID-19 effect on the insurance industry,” is a report packaged in four separate chapters: an industry overview, along with individual reports on the property and casualty, life/annuity, and health industries.