Annuity Issuers Move to Fill Bank Loan Gap
January 8, 2024 by Allison Bell
U.S. annuity sales should be strong in 2024, and the issuers will probably invest a significant share of the premiums in private credit arrangements, according to Jamie Tucker, a senior director at Fitch Ratings.
“We expect allocation to private credit to continue to increase, in part driven by bank lending retrenchment,” Tucker said Friday during a Fitch briefing on its credit outlook for the North American life sector.
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Originally Posted at Think Advisor on January 5, 2024 by Allison Bell.
Categories: Industry Articles