Unlocking Opportunity in BB Private Credit

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This whitepaper by Hymans Robertson and Legal & General explores how UK life insurers can strategically integrate sub-investment grade (SIG) private debt—especially BB-rated credit—into Matching Adjustment (MA) portfolios following Solvency UK reforms.

  • Recent regulatory changes remove the cap on MA benefits from SIG assets, enhancing return potential.
  • BB private credit offers higher yields, sector diversification, ESG alignment, and structural protections.
  • Insurers must address challenges in data availability, risk management, and valuation frameworks.

Discover how to leverage BB private credit to enhance yield and impact.

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