Lately Korean investors have been struggling to compete with local players for assets in popular US property segments such as logistics and office space.
The Bermuda-based reinsurer plans to invest more into direct lending and private equity strategies, with a focus largely on the US but some exposure to Asia and Europe.
Some insurance executives are increasingly worried about the risks of fast-growing private asset exposure, while others are calling for looser capital rules around such investments.
Checking illiquid assets to find environmental, social and governance issues is harder than it is for listed securities, particularly when it come to credit portfolios, say investors.
A combination of relatively strong economic fundamentals and appealing yields is attracting the attention of asset owners in the region and beyond.
The region's institutional investors have greatly slowed the speed with which they are putting money into ESG-friendly funds, in a sign of caution amid the Covid-19 pandemic.