Things are not always what they seem. This is proving true in the municipal bond market, where a perception shift is underway that carries profound implications – and opportunities – for investors. What has become acutely clear over the last 16 months is that the conventional wisdom around risk and return in municipal bonds is ripe for some fresh perspective. Read our take on how the pandemic response is causing investors to rethink municipal bonds.

Conning’s State of the States report is an annual ranking of each of the 50 U.S. states by credit quality assembled by our municipal bond analysts.

Learn why we believe FHLB loans provide compelling potential for insurers to add alpha or increase yield by borrowing at low rates and benefitting from possible favorable treatment by ratings agencies. In addition, explore examples of customized investment solutions that have the potential to capitalize on these advantages.

Insurers continue to grapple with low rates and search for ways to add yield in this environment. While overall portfolio allocations were stable in 2020, there were several noteworthy allocation moves, including a continued decrease in municipals and growth within NAIC 3-rated securities. In our third annual analysis of insurance company filings, we examine the impact of these trends and changes both in 2020 and going forward. We also explore how insurers can navigate this low-yield environment without moving too far out on the risk spectrum.

Asian Investment Grade Bonds: An Attractive Fit For European insurers?