US insurance regulators are moving to stamp out a loophole exploited by some insurers to invest in risky assets such as private equity while minimising capital charges.
So-called feeder funds, also known as rated feeder notes, are often used by insurers as a capital-efficient way to invest in assets like private debt. But some insurers have been using the funds to invest in riskier assets, too.
A proposal from the National Association of Insurance Commissioners (NAIC) due to come into force in
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.