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Insurers’ $1 Trillion Buildup in Private Credit Is Leaving Regulators in the Dust

  • Of the about $6 trillion in invested assets held by life and annuity companies, nearly $1 trillion is now in private-credit investments, according to A.M. Best.
  • The Treasury Department plans meetings with state insurance regulators about the private loans piling up in insurers’ portfolios.
  • Last year the National Association of Insurance Commissioners pulled a report revealing that the ratings on insurers’ private-credit investments were routinely inflated.

 
 

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