German Regulator to Push Insurers to Fix Private Credit Failings

Germany’s top financial regulator will step up pressure on insurers to address shortcomings in private credit investments and issued a warning on an asset class increasingly marketed to retail clients.

At almost 40 insurers, the share of alternative investments exceeds 35% and a few of these have more than 25% of their investments in private debt, said BaFin President Mark Branson.