U.S. L/A insurers increased allocations to commercial mortgage loan portfolios in 2023, AM Best
A new report from global ratings agency AM Best shows that U.S. life/annuity (L/A) insurers continued to increase allocations to commercial mortgage loan portfolios in 2023, however, problem loans, which includes those 90 days delinquent, rose sharply. Best’s report explains that life/annuity insurers expanded their allocations to mortgage loans last year by more than 6%