Under Pressure
In this interview with AM Best, Ken Griffin discusses how the rise in interest rates has impacted insurers, and what the accounting and capital implications of this environment are.
Ken Griffin, Managing Director, Head of Insurance Solutions for Barings, said that while asset market values have declined, so has the market value of their liabilities. “Economically, insurers should be in a reasonable position, if not in a better position, than they were before the rate shocks as reinvestment rates are relatively high for firms that can capture unique opportunities in credit and structured asset classes,” he said.