Original source: http://www.naic.org/newswire.xml
All of the time we access the internet each day to reach out to you to realize to the need of getting a Property Damage Adjustment Consultant there to assist you. Look at this story we ran across.
Asset Backed Alert (05/10/19)
Leading U.S. life insurers are anticipated to reduce their holdings of credit-card bonds by over $1 billion this year, which would amount to a reduction of 31% from the $3.2 billion kept in the end of 2018, based on statistics in Wells Fargo researcher Gary Zhu. According to the report, the card-bond portfolios of the 30 biggest carriers shrank 29%, or $1.3 billion, last year. Northwestern Mutual and metLife are among the insurance companies that have been cutting . Sources also stated AIG, New York Life, and TIAA have decreased their girth. Credit-card bonds, particularly those who have triple-A ratings, were considered bread-and-butter investments for insurance, and their rejection of these securities may be attributed to a broader desire to move money into higher-yielding devices, including prices with longer lives and lower ratings in non-mainstream asset classes. One insurance company executive allegedly stated,”I examine card bonds and say to myself,’Why waste my sterile powder on it once I could find much more yield from something that I wouldn’t typically buy?'”… Read More
Thank you! And please email us if you need some help when negotiating with your insurance broker. NO claim, NO fee!
Original source: http://www.naic.org/newswire.xml
All of the time we access the internet each day to reach out to you to realize to the need of getting a Property Damage Adjustment Consultant there to assist you. Look at this story we ran across.
Asset Backed Alert (05/10/19)
Leading U.S. life insurers are anticipated to reduce their holdings of credit-card bonds by over $1 billion this year, which would amount to a reduction of 31% from the $3.2 billion kept in the end of 2018, based on statistics in Wells Fargo researcher Gary Zhu. According to the report, the card-bond portfolios of the 30 biggest carriers shrank 29%, or $1.3 billion, last year. Northwestern Mutual and metLife are among the insurance companies that have been cutting . Sources also stated AIG, New York Life, and TIAA have decreased their girth. Credit-card bonds, particularly those who have triple-A ratings, were considered bread-and-butter investments for insurance, and their rejection of these securities may be attributed to a broader desire to move money into higher-yielding devices, including prices with longer lives and lower ratings in non-mainstream asset classes. One insurance company executive allegedly stated,”I examine card bonds and say to myself,’Why waste my sterile powder on it once I could find much more yield from something that I wouldn’t typically buy?'”… Read More
Thank you! And please email us if you need some help when negotiating with your insurance broker. NO claim, NO fee!