Daily Digest: Private credit exposure in the spotlight, Munich Re on Q3 earnings, Gard offsets rate hikes

Catch up on the essential news and analysis from the Insurance Day experts

European insurers face scrutiny over private credit exposures European regulators are closely examining general insurers’ exposure to private credit lending as companies increase their investments in the sector. Private credit generally refers to a form of non-bank lending – sometimes called “shadow banking” - funded by equity investments rather than bank deposits, most often to middle-market enterprises. In recent weeks, the failures of two mid-sized companies in the US auto sector, Tricolor and First Brands, has raised concerns about private credit and its links to the rest of the financial system.  Both firms relied heavily on private credit.