Capital Credibility Series

  1. The RBC Rules Changed. What Should Insurers and Captives Do Now? The NAIC adopted new capital treatment for collateral loans and CLOs in June 2026. Here is the readiness agenda — not another recap of the debate.
  2. Circular Risk: When Insurance Capital Becomes Its Own Collateral Regulators are examining structures where insurer money loops back to affiliated managers, borrowers, or assets. A five-question test for finding the loops in your own programme.