Private credit downturn poses test for reinsurance industry

While the ongoing Iran war has dominated the recent news cycle, another situation has unfolded in the financial pages. Over the last few months, growing investor demand for redemptions has sparked fears that private credit might be a bubble that is about to burst.

Private credit is a form of non-bank lending to the corporate sector that boomed after the Global Financial Crisis in 2008 made it more difficult for banks to lend to mid-sized companies. The private credit market has grown from around US$300 billion in 2010 to an estimated US$2 trillion today. For a more complete summary of the story, please see the below link:

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Published on: Mar 29, 2026 03:07 PM