Moody’s analysts Laline Carvalho-Neff and James Eck explain how reinsurers have boosted their profitability, even as natural catastrophes have grown more frequent and more severe.Speakers: Laline Carvalho-Neff, VP-Senior Analyst, Moody’s Investors Service; James Eck, VP-Senior Credit Officer, Moody’s Investors ServiceHosts: Danielle Reed, VP – Senior Research Writer, Moody’s Investors ServiceRelated Research:Reinsurance – Global: Stable outlook as higher pricing restores more favorable risk and reward dynamicP&C Insurance and State Government — US: Sharp pricing hikes draw reinsurers to Florida; insurance market strains continueReinsurance – Global: Reinsurance prices to keep rising through 2024, buyer survey suggests

Moody’s analysts discuss how a rate rise would affect Japan’s banks, Swedish banks’ high exposure to indebted real estate firms, and the stability of Swiss domestic bank deposits.Speakers: Tetsuya Yamamoto, VP – Senior Credit Officer, Moody’s Investors Service; Louise Welin, VP – Senior Credit Officer, Moody’s Investors Service; Goetz Thurm, VP Senior Analyst, Moody’s Investors ServiceHosts: Danielle Reed, VP – Senior Research Writer, Moody’s Investors Service; Myles Neligan, VP – Senior Research Writer, Moody’s Investors ServiceRelated Research:Banks – Japan: A rise in domestic interest rates would bring more benefits than risksFAQ: Sweden's real estate turmoil creates risks for local banksBanks – Switzerland: Stable domestic deposits, strong liquidity reduce the risk of deposit outflows

Moody’s analysts discuss the economic and credit outlook for China, including the role of local government financing vehicles (LGFVs) and their debt burdens, and the latest on the property sector.Speakers: Lillian Li, VP-Senior Credit Officer, Moody’s Investors Service; Jessie Tung, VP-Senior Credit Officer, Moody’s Investors ServiceHost: Vittoria Zoli, Analyst – Emerging Markets, Moody’s Investors Service

Steve Tu discusses FedNow, a new US digital payments system, and why it could exacerbate deposit flight risk for banks. Farooq Khan explains the risks of higher interest rates for UK mortgage lenders.Speakers: Stephen Tu, VP – Senior Credit Officer, Moody’s Investors Service; Farooq Khan, VP – Senior Analyst, Moody’s Investors ServiceHosts: Danielle Reed, VP – Senior Research Writer, Moody’s Investors Service; Myles Neligan, VP – Senior Research Writer, Moody’s Investors ServiceRelated Research:Banks – North America: FedNow launch may lower transaction costs, but exacerbate funding risks for banksAsset and customer relations risks intensify for UK lenders as rates keep rising

Moody’s analysts David Burger, Mark Wasden and Neal Epstein explain how differences in structure and asset risk give rise to divergent credit profiles among the three investment vehicles.Speakers: David Burger, VP – Senior Credit Officer, Moody’s Investors Service; Mark Wasden, Senior Vice President, Moody's Investors Service; Neal Epstein, VP – Senior Credit Officer, Moody's Investors ServiceHosts: Danielle Reed, VP – Senior Research Writer, Moody’s Investors Service; Aaron Johnson, VP – Senior Research Writer, Moody’s Investors ServiceRelated Research:Private Credit – Cross Region: Middle-market CLOs, BDCs and closed-end funds: structures lead to divergent credit risks

Moody's Marc Pinto talks to Guggenheim Partners Investment Management’s Anne Walsh about big risks – and opportunities – for insurers, asset managers and institutional investors.Speakers: Marc Pinto, Managing Director, Moody’s Investors Service; Anne Walsh, Chief Investment Officer, Guggenheim Partners Investment ManagementHost: Danielle Reed, VP – Senior Research Writer, Moody’s Investors ServiceRelated Research:Life Insurance – US: Commercial real estate downturn could weaken portfolio asset qualityUS life insurers have strong capital levels heading into uncertain economic environmentProperty & Casualty Insurance – Global: Cyber insurance market stabilizes as profitability improves

US life insurers have significant commercial real estate exposure, mitigated by a low share of holdings in office properties and high share of investments in senior investment-grade fixed income.Speakers: Evelyn Ocas Salazar, AVP-Analyst, Moody’s Investors Service; Manoj Jethani, VP-Senior Credit Officer, Moody’s Investors ServiceHost: Danielle Reed, VP – Senior Research Writer, Moody’s Investors ServiceRelated Research:Life Insurance – US: Commercial real estate downturn could weaken portfolio asset quality

Vladlen Kuznetsov explains why banks in emerging markets are exposed to environmental risks, and Laline Carvalho-Neff discusses global reinsurers' strong first-quarter results.Speakers: Vladlen Kuznetsov, AVP – Analyst, Moody’s Investors Service; Laline Carvalho-Neff, VP – Senior Analyst, Moody’s Investors ServiceHosts: Danielle Reed, VP – Senior Research Writer, Moody’s Investors Service; Myles Neligan, VP – Senior Research Writer, Moody’s Investors ServiceRelated Research:Governance and external support mitigate environmental and social risks for banks in emerging marketsReinsurance – US & Bermuda: Everest, RenaissanceRe, AXIS Capital, Arch: Strong Q1 results, pricing boost 2023 prospects

In this episode, we discuss China’s stabilizing property sales and improving funding conditions.Then at 9:00, we look at Chinese insurers’ and banks’ exposure to the country’s property sector.Guests: Kelly Chen from the Corporate Finance Group of Moody’s Investors Service, and Qian Zhu and Yulia Wan from the Financial Institutions Group.  Host and Segment Leads: Tania Hall, Livia Yap and Danielle Reed from the Research team at Moody’s Investors Service. To read more on this topic, visit the Behind the Bonds and Focus on Finance pages on Moodys.com (some content only available to registered users or subscribers). Related Research:Chinese property market weakness will persist in 2023, dragging on credit quality in multiple sectorsFAQ about mortgage prepayment to Chinese banksFAQ on Chinese insurers' exposure to the property sector

Jerome Cheng and Tengfu Li discuss how China’s economic rebound will support residential mortgage-backed securities and a handful of Asia-Pacific banking systems with close ties to the country. Speakers: Tengfu Li, AVP – Analyst, Moody’s Investors Service; Jerome Cheng, Associate Managing Director, Moody’s Investors ServiceHosts: Danielle Reed, VP – Senior Research Writer, Moody’s Investors Service; Aaron Johnson, VP – Senior Research Writer, Moody’s Investors Service Related content on Moodys.com (may only be available to registered users or subscribers):RMBS – China: Economic rebound, low rates and policy support are positive for mortgage borrowersBanks – Asia-Pacific: China's reopening will benefit only a few banking systems in Asia-Pacific