U.S. Insurers Are Binging on Private Credit, Moody's Says

Core Insights - A limited number of insurers are acquiring a significant portion of investments that are characterized by low liquidity and lower credit ratings [1] Group 1 - The investments being targeted by insurers are difficult to trade, indicating a potential lack of market interest or demand [1] - These investments also possess relatively low credit ratings, which may imply higher risk associated with them [1]