@mispriced.assets: Systemic Risk from Structured Finance in Insurance -- The insurance industry is increasingly intertwined with private credit, structured finance, offshore reinsurance, and complex forms of financial engineering. In this video, I break down how these structures can create hidden leverage and interconnected risks across insurers, asset managers, reinsurers, and private markets — and why a system designed to transfer risk may instead be concentrating it in places that are difficult for investors and regulators to see. We look at the mechanics behind the system, how risk moves between entities, and what could happen when asset values fall, liquidity disappears, or counterparties fail. This is not investment advice. All views expressed are my own and for informational and educational purposes only.

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Monday 20 July 2026 03:17:55 GMT

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Comments

kw_theinspector :

Already smelling the Nationwide bailout.

2026-07-20 03:42:37

🥰 :

I gotta figure out how to make money on this it’s simply too good

2026-08-04 11:10:08

SshhhNobodyCares :

Insurance capital is not going into these directly. I don’t think NW is underwriting these. It’s through AMs

2026-07-20 12:56:31

fire22705 :

bermuda is a qualified naic jurisdiction? and rbc ratio targets are like 350-400%

2026-08-27 05:45:18

WildCard2032 :

What annuity providers should we avoid

2026-08-25 04:20:56

T828yeaahiknow :

The fundamental attribution error

2026-08-27 09:22:23

Texas :

Worth noting NW’s life business is much larger than their p&c business

2026-07-30 22:14:54

mr.choppyguy :

if there was a hedge against this risk, what would it be?

2026-07-26 19:34:39

JMK :

bra i wish to be as smart as u

2026-07-26 12:38:47

st3velacy.fanpage :

Does this change your position on anything or only provide further fuel ?

2026-07-20 12:09:19

cam’ron :

https://www.insurancebusinessmag.com/us/news/life-insurance/mark-walters-insurers-face-federal-probe-over-undisclosed-relatedparty-investments-583106.aspx

2026-07-21 16:56:02

G :

Nice work. part of a larger story of credit repricing, weak demand for ai debt, negative clo arb, gated funds, margin debt at ath, sprinkle some oil rate shock/inflation and we are taking the stairs up and the elevator down. It will be a miracle that one of these problems don’t affect the others and cause panic. This is not 2022 or 2020 when the market can digest one or two issues. If the shit hits the fan today, there will be too many issues for the market to digest

2026-07-26 00:21:00

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