Reinsurance News
mortgage loans
U.S. L/A insurers increased allocations to commercial mortgage loan portfolios in 2023, AM Best
24th July 2024
A new report from global ratings agency AM Best shows that U.S. life/annuity (L/A) insurers continued to increase allocations to commercial mortgage loan portfolios in 2023, however, problem loans, which includes those 90 days delinquent, rose sharply. Best's report explains that life/annuity insurers expanded their allocations to mortgage loans last year ... Read the full article
Rising rates boost US life/annuity insurers’ returns in 2023: AM Best
22nd May 2024
A new AM Best report indicates that rising interest rates in 2023 increased the portfolio yields of US life/annuity insurers by nearly 30 basis points, from 4.47% to 4.74%. The Best’s Special Report, “US Life/Annuity Investment Portfolio Yields Rebound in 2023,” attributes the improvement in total portfolio yield to the reinvestment ... Read the full article
Accord Mortgages joins Gallagher Re’s Deposit Unlock scheme
4th August 2022
Global reinsurance broker, Gallagher Re, has welcomed Accord Mortgages as the latest UK lender to join Deposit Unlock, a reinsurance-backed mortgage indemnity scheme. After joining this scheme, Accord Mortgages can now lend up to 95% loan-to-value (LTV) for new build houses as the government’s Help to Buy and mortgage guarantee schemes ... Read the full article
US life insurers’ mortgage holdings grows by 6.6% in 2021: AM Best
25th July 2022
According to a new AM Best report, mortgage loan holdings for the US life insurance industry grew by 6.6% in 2021, to $639.8 billion, in line with the 10-year average, after depressed growth of 3.8% in 2020. The report, titled, “Loan-to-Value Rises, Debt Service Coverage Weakens, for U.S. Life Insurers”, highlights ... Read the full article
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