Our new Viewpoint, Convertible Market Dynamics and Portfolio Implications for Insurers, examines how convertible bonds may offer insurers a distinctive opportunity to balance return generation and capital preservation. As hybrid securities, convertibles provide exposure to equity upside while retaining bond-like characteristics that support downside protection.
The Viewpoint explores how increased issuance and evolving market dynamics are reshaping the opportunity set. With a focus on higher-quality, at-the-money securities, insurers may position portfolios to capture growth potential while managing risk. Learn how convertibles may serve as a complementary allocation within surplus or total return portfolios.