Private credit exposure turns investors away from US life insurers
Inflated private ratings could mask credit risks and leave insurance companies undercapitalised
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S&P warns on US insurers’ growing bet on private credit
Rating agency says surging market’s opacity and illiquidity could pose risks to the industry
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
Private credit’s game of footsie is getting riskier
Stronger guardrails are needed before these funds seep into the $9tn US retirement market
Private credit’s stale pricing problem
More frequent asset valuations can boost market resilience and investor confidence
We must be mindful of the risks of private credit
The sector remains untested in a severe or prolonged economic downturn
US Treasury calls in regulators for talks on private credit risks
Discussions will include American and international insurance watchdogs