Life Insurers Aren’t Just Investors in Private Credit. They’re Major Lenders, Too.
July 1, 2026 by Matt Wirz and Shane Shifflett
Insurance companies are exposed to the embattled private-credit industry in more ways than one, according to a new report by Clearwater Analytics, a portfolio management software provider.
About one-quarter of the life insurers tracked by Clearwater that hold stakes in private-credit funds also lend money to them. The insurers typically lend $2 to the funds for each dollar of shares they own. This doubling down on the funds amplifies potential investment returns but also increases risks for the insurers, Clearwater said.
Originally Posted at The Wall Street Journal on June 24, 2026 by Matt Wirz and Shane Shifflett.
Categories: Industry Articles
