By Matt Tracy

May 6 (Reuters) - Insurance giant Kuvare has worked closely with regulators and ratings agencies recently to help them understand its exposure to private credit, Kuvare CEO Dhiren Javeri said Wednesday at the 2026 Milken Institute Conference in Beverly Hills.

Speaking on a panel about the state of private markets on Wednesday, Javeri and other executives discussed the opportunities and challenges facing private credit amid the ongoing Middle East conflict and retail investors' concerns about direct lenders' exposure to software companies being disrupted by artificial intelligence.

Javeri said his firm welcomes recent scrutiny from regulators and ratings agencies into Kuvare's balance sheet and the rationale for deploying policyholder dollars into private credit investments.

"This is the power of having a strong, long-duration, long-term balance sheet," Javeri said. "We have the benefit and curse of trying to figure out how to invest $6 billion of policyholder premiums every year."

Kuvare was among a group of firms that purchased a $1.4 billion loan portfolio from private credit lender Blue Owl OWL.N in February in order to address investor redemption requests at its funds. Javeri highlighted the returns made by Kuvare on the purchase.