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The life insurance industry's heavy reliance on private credit and opaque offshore reinsurance arrangements creates a major vulnerability that regulators currently fail to address.
“That's where the mass mass of the issue is. For the ENL, annuity and life industry, they have $658 billion as capital surplus. That means that their assets and their liabilities, you know, both a little bit over 10 trillion, 9.5 trillion, the difference between that is where goes goes to the governm”
The Compound · Apr 2026 · 1 episode · 28K views on this topicExtracted by a model; may misattribute who said what.