Zurich Sees No Decline in $10 Billion Private Credit Portfolio

Zurich Insurance Group AG said it sees “no signs of impairment or declines in quality” in its private credit investments, which amount to roughly $10 billion invested across senior corporate lending, mid-market loans and infrastructure debt.

Zurich is “not concerned” about its position but is also “not seeking to increase it,” Chief Financial Officer Claudia Cordioli said in a call with media Wednesday. Roughly 5% of the insurer’s portfolio is invested in private credit, she said, describing the firm’s exposure as “stable and well diversified across geographies and sectors.”