Odd Lots: Why Private Credit Got Entangled With Insurance
Insurers have quietly become a major driver of the private credit boom, changing the insurance industry itself and raising a number of questions about risk and regulation.
Andrew Granato and Pranjal Drall, authors of a new paper, “Private Credit’s State Backstop: How Private Equity Socializes Risk Through Insurers,” tell Tracy Alloway and Joe Weisenthal how both sides benefit from the partnership and why taxpayers might ultimately be on the hook.
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