Munich Re has disclosed that its exposure to private credit totals between €2bn and €2.5bn, as regulators intensify scrutiny of insurers’ allocations to the asset class amid growing concerns around underwriting standards and liquidity, according to a report by Bloomberg.
Speaking in an interview with Bloomberg TV, chief financial officer Andrew Buchanan said private credit accounts for roughly 1% of the group’s overall investment portfolio, describing the exposure as manageable relative to the s...
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