US life and annuity insurance companies have seen a dramatic increase in commercial mortgage loan holdings over the past five years, leading to an increased exposure to low quality credit, according to a recent report by AM Best.

US life and annuity insurers now hold more than $522 billion in commercial mortgage loans, which is up significantly from $382 billion in 2015. The report also said the 2019 figure represents an 8% increase year-over-year.

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Max Mitchell

Max Mitchell is ALM's Regional Managing Editor for The Legal Intelligencer, New Jersey Law Journal, Delaware Business Court Insider and Delaware Law Weekly. Follow him on Twitter @MMitchellTLI. His email is [email protected].

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