RIJ and ChatGPT Discuss ‘Funding Short’
Life insurers used to be known as champions of 'asset-liability matching,' or ALM. Today, many of them are doing the opposite by 'funding short.' Here's a transcript of RIJ's...
Collateralized Loan Obligations
The NAIC, the FIO and the ‘Bermuda Triangle’
The Federal Insurance Office has issued warnings about the ties of private equity-led life insurers to 'shadow banking' and 'shadow insurance.' Why do state insurance commissioners want to shoot...
CLOs: The 4th Leg of the ‘Bermuda Triangle’
Ownership of life/annuity companies has given PE companies a tool for tapping the virtually bottomless pool of tax-deferred U.S. retirement savings for their high-profit, lightly-regulated private credit businesses.
A Primer on Collateralized Loan Obligations, from ChatGPT
CLOs have boosted the yield of the general accounts of private equity-led life/annuity companies over the past decade. ChatGPT explains CLOs, using Apollo/Athene as an example.
