BlackRock is being considered as candidate to help state regulators evaluate risks in insurers’ investments, The Wall Street Journal reports. The money manager has held discussions with officials from the National Association of Insurance Commissioners (NAIC) about possibly taking on a portion of work done by the major ratings firms.
The NAIC job includes analyzing risk in bonds backed by residential mortgages owned by insurers. The other contenders for the post include PIMCO Advisory, Promontory Financial Group and Andrew Davidson & Company.
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