Members of the National Association of Insurance Commissioners met with U.S. Treasury Secretary Scott Bessent to discuss the intersection of private credit and insurance, sharing state regulators’ perspectives on oversight of insurers’ risk management and investment practices. The discussion centered on how the state-based insurance regulatory system is addressing insurers’ increased exposure to private credit and related market developments. The NAIC described the meeting as a forum to highlight the concrete steps state insurance regulators have taken and how collaboration and coordination support that work. In the remarks released after the meeting, Treasury linked the discussion to its monitoring of changes in the U.S. life insurance industry and trends in private credit, and Bessent indicated that engagement with state regulators will continue as both markets develop.
National Association Of Insurance Commissioners 2026-05-07
National Association of Insurance Commissioners meets U.S. Treasury Secretary Scott Bessent on private credit and state insurance oversight
The National Association of Insurance Commissioners met with U.S. Treasury Secretary Scott Bessent to discuss insurers’ growing exposure to private credit and related risk management and investment oversight within the state-based insurance regulatory framework. The meeting highlighted concrete steps taken by state insurance regulators and underscored ongoing collaboration as Treasury monitors developments in the U.S. life insurance industry and private credit markets.