Private credit disclosures expand independent SVO review for insurers
Reporting will now cover collateral type, credit enhancement, affiliation and valuation method.
More of the private credit sitting on insurers' balance sheets will face independent review, under reporting revisions Debevoise says expand what must be disclosed on individual holdings.
The revisions require more granular reporting on each holding's characteristics, including the underlying collateral type, credit enhancement structures, affiliated party involvement and valuation methodology. The effect is that a greater share of the…
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