Hedge funds’ insurance binge threatens catastrophe cover, warns Munich Re
Reinsurer says private capital’s push into tools such as ‘cat bonds’ risks increases volatility for the sector
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Surging sales of the insurance-linked product have enabled small investors to bet on natural disasters
Private credit pushing reinsurers into riskier business, industry warns
Regulatory gaps mean firms can have ‘much more leverage and a different investment appetite’, reinsurance boss says
Investors beware the dangers lurking in private credit
For some observers, the rapid rise of this asset class invites unsettling historical comparisons
If private credit breaks, insurers will fall under the microscope
Rising holdings of the asset class could lead to problems when the next downturn comes
Bond investors need to wise up and seek more protection
Too many have been left as sitting ducks in the Wall Street pastime of creditor-on-creditor violence