Insurers seen backing infra assets amid volatility

The appetite of life insurers across the world and in Asia for infrastructure investments has only grown since March, despite drops in value of some other illiquid assets like real estate, according to fund managers and rating agencies. Frank Yuen, a senior analyst at rating agency Moody’s in Hong Kong, said Asian insurers, and especially those in Korea, have favoured infrastructure debt for the past three months. He said the spread of Covid-19 has persuaded asset owners to alloca…