S&P: UK bulk annuity insurers withstand severe credit stress
By IAN Editorial Desk
25 July 2026·Updated 19 August 2026·1 min read
Primary source: spglobal.com
The rating agency tested the sector against a harsher default and downgrade path; UK pension insurers hold 8.8% in private credit.
S&P Global Ratings said UK bulk annuity insurers remained resilient under a severe credit stress scenario, with private credit exposure still manageable even after it tested the sector against a harsher default and downgrade path. The note comes against a backdrop in which UK pension insurers had 8.8% allocated to private credit, compared with 4% for European insurers and 1%…
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