Some Insurers May Have Taken Bond Market Liquidity for Granted
August 19, 2020 by Allison Bell
Typical insurace company investment managers worry at least some about every imaginable risk, but they may not have worried all that much about the possibility that the bond markets could freeze up.
Analysts at Cerulli Associates have raised that possibility in a new look at the state of asset and wealth management in the United States.
The analysts have based the review largely on survey data, asset data and other data collected in 2019, or based on indicators reflecting the world as it existed in 2019, before COVID-19 and pandemic-related social distancing rules came along.
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