The General Account Desk 8 stories this week · 54 total

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.

The commentary cites scale, index inclusion and domestic-cycle yields but names no insurer that has acted on the case.

The analysis ranks each prior year-end VIX against a rolling ten-year window and scales annual commitments to that percentile.

The NAIC report ties the yield premium to heavier underwriting and valuation demands and calls its own private-credit exposure figures best estimates.

Home price growth has been resetting the collateral behind agency MBS even as the sector's option-adjusted spread tightened.

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.

Life insurers are being told to add three asset classes, but the charge attached to holding them is still being drafted

Insurers bought growth equity for buyout-like losses and venture-like upside; AI is deciding which managers keep that bargain.

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.

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.

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.

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.

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.

The size of an insurer's growth equity sleeve will come from the RBC text, not the return deck.

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.

U.S. life/health admitted assets rose 4% to $10.31 trillion in six months; Bermuda's sidecar book compounded roughly five times faster.

Three members voted to hike, and payrolls have since averaged 20,000. For insurers, the question is what the next maturing bond buys.

NAIC data shows penetration up only a tick, but two-thirds of outsourcers are small insurers handing one manager the whole general account.

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.

PPM America says insurers should run the loans against country and currency limits, not direct-lending credit assumptions.

Three dissents and a steepening curve turn the hold into a duration decision before September's inflation data.

A market insight argues sub-investment-grade infrastructure debt can lift yields without abandoning real-asset protection, but the capital-efficiency argument only holds if the qualifying criteria are met.

An Insurance AUM Journal piece argues the business case for tokenized assets is operational, and insurers should organize around the collateral desk, not the innovation lab.

The segment is driving the industry's hardest-to-value bond holdings, and the rating agency says the surplus is now exposed to model risk.

The report pairs book yield with net investment income across P&C, life and health — and its own prior data shows the income line can fall while yields climb.

A 10-basis-point step in the yield line is the income statement's first visible payment on a private-allocation decision.

Two midyear outlooks argue the winners in infrastructure and real estate will be the insurers that underwrite power, permitting, and construction costs—not just deploy capital.

A 1.2% adjusted growth pace and survey-low confidence argue general accounts should de-risk consumer credit before downgrades arrive.

July's 7 bp OAS widening ran against 15 years of precedent, an extension-risk signal for general accounts.

The private markets firm's 2H26 house view is a pitch to redeploy capital into dislocation, and the cost of being early is the test.

Nuveen's webinar frames the widening financing gap as durable and points general accounts to value-add returns at core-plus risk.

The multi-asset team leans on healthy fundamentals while flagging inflation and fresh Fed-style uncertainty.

Insurance AUM Journal's analysis by Calum McNiven sees the near-term payoff in making existing assets work harder, not in new asset classes; governance and infrastructure remain the hurdle.

Insurance AUM Journal's midyear outlook finds the M&A recovery is real but lopsided: strategic buyers are doing the deals, and private equity's share has fallen to a 10-year low.

An Insurance AUM Journal article fixes the spread and rating terms at the center of the allocation argument.

A new Nuveen paper gives general accounts a framework for how AI-driven power demand is redrawing utility, generation, and grid credit.