EconomyThe next shadow-banking problem is coming from insurers, where no one expected a bank run
Delaware Life reclassified about $17 billion of investments as related-party holdings in a corrected 2025 filing, while Clear Spring corrected roughly $4.6 billion. Both insurers received grand jury subpoenas from federal prosecutors, and the SEC opened a parallel inquiry. The case highlights how private credit, affiliated managers and illiquid assets have made life insurers increasingly important—and difficult to read—in the US credit system.
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CryptoSlate★★★★☆2026-08-30 08:33Original
The next shadow-banking problem is coming from insurers, where no one expected a bank run
Economy