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Tune in to the InsuranceAUM.com Podcast, hosted by our Managing Partner, Stewart Foley, CFA. Our podcast features insightful conversations with CIOs, asset managers, and other distinguished professionals in the insurance asset management industry. Each episode delves into the latest trends, challenges, and opportunities, providing listeners with valuable perspectives and practical advice. Don’t miss out on these engaging discussions that are essential for insurance investors and asset managers.
Episodes
Thursday Dec 08, 2022
Thursday Dec 08, 2022
In this episode of the InsuranceAUM.com Podcast, we dive into the NAIC’s proposed changes to the capital treatment of CLOs with Angela Best, Director of CLO Research, and Francisco Paez, Head of Structured Products Research at MetLife Investment Management. With over $200 billion in CLO holdings by insurers, these potential shifts could significantly impact investment strategies and capital efficiency in the insurance sector.
Angela and Francisco provide expert insights on the NAIC’s move from a ratings-based RBC framework to a model-based approach, unpacking concepts like the "no arbitrage" principle and its implications for CLO investors. They also discuss the market’s reaction, the robustness of CLOs as an asset class, and their own strategies to adapt to this evolving regulatory landscape. Whether you’re a seasoned CLO investor or new to structured products, this episode delivers actionable perspectives on how to navigate the complexities of regulatory changes in the insurance investment space.