UK insurers “resilient” under stress despite growing private credit allocations
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3 Articles
A recent study by Standard & Poor's reports that British pension insurers such as L&G, Standard Life and Just Group have increased their exposure to private credit. Far from being annoyed, this trend is similar to that observed in the United States.
UK pension insurers increase private credit exposure as S&P flags valuation risks
UK insurers backing pension risk transfer transactions are increasing their exposure to private credit, with opaque and difficult-to-value assets now accounting for more than 10% of the portfolios of several major providers, according to a report by the FT citing data from S&P Global Ratings. The findings highlight the growing importance of private credit to the insurance sector, while also raising questions about transparency, valuation and liq…
UK insurers “resilient” under stress despite growing private credit allocations
UK bulk annuity insurers are more exposed to private credit than their European counterparts, although in a “severe” credit stress scenario their capital would remain “resilient”, according to S&P Global Ratings. A new report from the ratings agency revealed that insurers have become one of the main investors in private credit since the Global Financial […] The post UK insurers “resilient” under stress despite growing private credit allocations …
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