Expert Josh Esterov and host Zach Griffiths discuss the rise of private credit in insurers' portfolios, along with the risks and benefits. They also explore the increasing influence of private equity in the insurance sector and the challenges insurers face with declining loan quality and policy offloading. Additionally, they delve into insurers' exposure to office properties, shifting investment strategies towards residential properties and Collateralized Loan Obligations, and the impact of tax reforms on municipal bonds.