Unlocking Opportunity in BB Private Credit

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.