Investments – Page 7

Company Investments (p20) – Life insurers are the single largest source of corporate bond financial, and hold approximately 18 percent of total U.S. corporate bonds. — Statement of Patrick S. Baird, Chief Executive Officer, Aegon USA, LLC, On Behalf of the American Council of Life Insurers (ACLI) 2009 0616 – GOV (House) – Systemic Risk and…

General Accounts 1983 – SOA – Segmentation of Insurance Company General Accounts, Society of Actuaries – 38p New Money / Portfolio Money Investment Generation Method 5. A general account is a design feature that is generally available to purchasers of whole or universal life insurance whereby the general assets of the insurance company support the…

Debt Issuance Global Debt Issuance 2019 – FRB-C – Working Paper, No. 2019-08, 2019 – Asymmetric Information, Dynamic Debt Issuance, and the Term Structure of Credit Spreads, By Luca Benzoni, Lorenzo Garlappi, Robert S. Goldstein – [link]

Securitization content.naic.org/cipr-topics/life-insurance-securitization The comment is regarding our discussion of structured transactions wherein securitization of policyholder loans was also mentioned. We at Prudential-Bache are still working on a structured transaction involving policyholder loans. — Dr. V. Michael Shante 1987 – SOA – New Investments and New Investment Strategies, Society of Actuaries – 48p The article discusses the…

Global Debt Issuance 2019 – New York Life – $19B – [LINK] 2020 1113 – Athene – 15B – Offering Memorandum is November 13, 2020

Junk Bonds – Media Executive-Life-Junk-Bonds-The_Los_Angeles_Times_Fri__Apr_12__1991_-scaled 1991-Junk-Bonds- Lincoln_Journal_Star_Thu__Sep_19__1991_

GICs – Guaranteed Investment Contracts FABN – Funding Agreement-Backed Note GICS – AIG – FCIC GIA’s Guaranteed Interest Contracts Stable Value Unallocated Annuity Contracts 412(i) 1991 0903 – NYT – Worry Over Retirement Funds, By Eric N. Berg – [link] GIC’s, Executive Life, Mutual Benefit Also, you had a lot of different interests in Executive Life.…

Surplus Notes 1989 – SOA – Securitization of Assets, Society of Actuaries – 10p 1995 – SOA – Survival Strategies for Mutuals, Society of Actuaries – 14p 2015 – Book – The Insurance Forum: A Memoir, contains a chapter (Chapter 25) devoted to the subject of surplus notes., by Joseph Belth – 11p 2016 0710 – IAIS – Risk-based Global…

Securities Lending Securities Lending – Index Securities Lending – AIG Securities Lending – AIG – FCIC Securities Lending – FCIC Securities Lending – FRB Securities Lending – Insurance Regulators Figure 7 illustrates our identification strategy by focusing on the differences in lending behavior between MetLife and AIG. 2019 – FRB – Over-the-Counter Market Liquidity and…

Assets https://www.acli.com/-/media/ACLI/Files/Fact-Books-Public/02FB19FChap2Assets.ashx?la=en#:~:text=Life%20insurer%20holdings%20of%20corporate,(Table%202.1%2D2.2). https://fred.stlouisfed.org/release/tables?rid=52&eid=804724#snid=804747