The Philippine insurer has also raised its cash holdings amid fears of a lingering impact from Covid on the local economy and stock market, says chief investment officer Arleen Guevara.
Insurers in Asia would like to originate their own direct lending deals – as UK group Legal & General does, for instance – but that is easier said than done.
London-based Legal & General Retirement Institutional views the region favourably from a macroeconomic and political perspective, says its head of investment solutions.
The reinsurance company benefited from a surge in equity prices from late March, only to shift one-fifth of its portfolio into defensive, short-term gilts in August. Its CIO explains why.
The Chinese financial regulator eased the rules around insurance asset management products, which should hasten their issuance and raise their appeal with other investors.
The firm's director of asset management sees Asian debt as a good post-Covid opportunistic play, but Spanish insurer Mapfre is put off by weakening Asian currencies.