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NAIC reviews rated note feeder treatment as insurer fund finance allocation reaches 1.9%
A Moody's survey of rated US life insurers puts the allocation at 1.9% of cash and invested assets in 2025, up from 1.3%.
At a glance
The NAIC is reviewing how US life insurers treat rated note feeders on their statutory balance sheets.
The increase from 1.3% to 1.9% is a relative rise of about 46%.
The NAIC is reviewing how US life insurers treat rated note feeders on their statutory balance sheets. A Moody's survey of rated US life insurers puts fund finance at 1.9% of cash and invested assets in 2025, up from 1.3%.
The increase from 1.3% to 1.9% is a relative rise of about 46%. Rated note feeders are a private-credit structure within fund finance.
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