Perspectives: Matching Liabilities With Opportunity: Fixed Income Strategies for Insurers

DoubleLine’s Phil Gioia, Client Portfolio Manager, sits down with Paul Schroeder, Relationship Manager for Insurance Clients, to discuss the evolving landscape of insurance asset management. The conversation dives into the distinctions among life, property and casualty, and health insurers – and how each company’s liability structure drives unique investment needs. Messrs. Gioia and Schroeder examine key portfolio considerations like risk-based capital (RBC) requirements, liquidity management and the balance between yield generation and solvency protection in a challenging market defined by policy and geopolitical uncertainty.

They also explore why many insurance investors are increasingly turning to securitized fixed-income strategies – such as Agency MBS, CMBS and asset-backed loans – to enhance yield, improve diversification and better align assets with long-term liabilities. Mr. Schroeder highlights how DoubleLine’s deep experience and history in securitized products, combined with its focus on risk-adjusted returns and partnership-driven client service, position the firm as a leader in supporting insurers’ investment goals.

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