Private Credit, CLO & Regulatory Risk Oversight

Independent review of private credit exposure, offshore reinsurance structures, CLO capital charge implications and evolving regulatory frameworks — delivered to insurance boards without asset management conflicts.

Insurance general accounts have taken on materially more private credit and structured credit exposure over the past cycle, often through offshore reinsurance arrangements that add a further layer of regulatory and capital complexity. Boards are increasingly expected to understand and oversee that exposure directly, not simply defer to the asset manager who built it.

KeenanMatthews reviews this exposure independently — with no asset management arm and no reinsurance platform of our own to protect.

Oversight Scope

• Private credit exposure review — concentration, structure and underwriting quality across the general account's private credit book.
• Offshore reinsurance structure review — independent assessment of Bermuda and other offshore cession arrangements and their capital implications.
• CLO capital charge analysis — evaluating CLO tranche exposure against evolving NAIC and rating-agency capital treatment.
• Regulatory framework monitoring — briefing boards on regulatory developments material to general account investment strategy.

Insurance Boards & Investment Committees

Insurance company boards, investment committees and CROs seeking independent oversight of private credit, structured credit and offshore reinsurance exposure — particularly where the exposure was built or is managed by a party with its own asset management interests.