Insurance as private credit's balance sheet risk
The case made was that private credit funds' use of insurance companies as balance sheets for their strategies creates solvency risks for policyholders.
THE JULIA LA ROCHE SHOW CHANGED ITS VIEW
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The Callback
Private credit slowdown threatens debt refinancing cycles
34 weeks between these two statements.
The guest highlighted private equity-backed insurers as a growing systemic risk due to their holdings of riskier assets, lower capital buffers, and heavy allocation to illiquid private credit.
The case made was that private credit funds' use of insurance companies as balance sheets for their strategies creates solvency risks for policyholders.