Insurance Industry's Hidden Role in Private Credit Bubble The recent surge in private credit has been a hot topic among financial experts, but one aspect of this trend has flown under the radar: the growing entanglement between private credit and insurance companies.
A new paper by Andrew Granato and Pranjal Dhall sheds light on this development, revealing that insurers have become major players in the private credit market.
This shift is not merely a curiosity; it's a significant change with far reaching implications for both the financial industry and taxpayers at large.