PE-owned insurers shift to riskier private credit
The argument made was that private equity ownership is transforming life insurers by shifting their portfolios away from traditional, stodgy bonds toward affiliated, higher-risk private credit investments.
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The story so far
- DTCC canonical tokens threaten third-party equity wrappersUNCHAINED
- Insurance guarantee funds as stealth taxpayer bailoutsODD LOTS
- Private credit's growth fueled by insurer capitalODD LOTS
- Private credit valuations lack transparency for regulatorsODD LOTS
- PE-owned insurers shift to riskier private credit · THIS IDEAODD LOTS
- Private credit's appeal: permanent capital & weak oversightODD LOTS
- Regulatory fixes: surcharges & source-of-strength doctrineODD LOTS
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HOW THE SHOWS HAVE DISCUSSED THIS THESIS OVER TIME · NOT A PERFORMANCE RECORD