Episode 211: CMLs - The Benefits of Time Tested Experience and In-House Servicing

In this insightful episode of the InsuranceAUM.com Podcast, host Stewart Foley explores the dynamic world of Commercial Mortgage Loans (CMLs) with industry experts Karissa Anderson and Sarah Swartzendruber from Aegon Asset Management. Karissa, the Head of CML Production, and Sarah, the Managing Director of US Real Estate Asset Management, delve into why CMLs are a compelling option for insurance companies, offering benefits such as liability duration matching, capital efficiency, and cash flow stability.

The discussion also covers the recent market shifts affecting CML origination and allocation, the importance of tailored underwriting to meet specific client needs, and the impact of reduced bank lending activity on the market. Karissa and Sarah share their strategies for managing loan workouts and emphasize the value of in-house servicing teams in maintaining close relationships with borrowers. This episode provides a comprehensive overview of the opportunities and challenges in the CML market, making it a must-listen for anyone involved in insurance asset management.