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Insurance investing

Energy infrastructure credit: A natural extension of private credit for U.S. P&C insurers

Don Dimitrievich
Senior Managing Director, Portfolio Manager, Energy Infrastructure Credit, Nuveen
Jessica Bailey
Global Head of Infrastructure, Nuveen
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While insurers have embraced corporate direct lending, a parallel evolution is underway in energy infrastructure. Rising electricity demand and system complexity are creating financing needs that traditional models can't efficiently address—and opening an opportunity for insurers to deploy private credit strategies into asset-backed infrastructure investments.

Energy infrastructure credit uniquely aligns with U.S. P&C portfolio priorities, offering shorter weighted average lives, both fixed and floating-rate structures, strong structural protections, and capital efficiency that can reduce RBC charges by approximately 70%.

Read the full analysis

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