A redemption panic that hit the private-credit market over the past several months is not the insurer/investor problem, according to industry professionals. However, a looming maturity wall is the one private-credit risk a buy-and-hold annuity book can't structure away.
KKR's Co-CEO defends the private credit illiquidity premium, Moody's maps a $375B- $1 trillion uninsured flood exposure gap that private carriers haven't closed.
The federal risk appetite is contracting and the private arket infrastructure built around it is being repriced in real time.
New Census Bureau research confirms what private flood insurers have been betting on: flood exposure is concentrating among the wealthiest Americans, and the market is moving to follow it.
