Hesta hires Hostplus ESG head; Prudential head of HNW solutions joins Transamerica Life Bermuda; Chubb appoints Philippines country president; QIC chief executive to retire in 2022; Amundi adds ESG investment specialist; Aviva Investors expanded EM debt team with three hires; HSBC private banking regional head retires; and more
The country's largest insurer Ping An set up a $62 billion green investment target by 2025. Several more players are also joining the hunt for sustainable assets.
The insurer's asset management division believes investments such as private debt could gain appeal as price rises chip away at the value of fixed assets.
The country's second-largest life insurer plans a higher allocation to domestic equities and real estate assets. It also intends to focus its attention on US debt.
Offshore life insurance companies are set to grow their businesses inside the country but will need to consider new national security issues and potential joint-venture disagreements.
The largest life insurer in the country is continuing to make a longer-term push into bonds and some equities, but remains concerned about the potential for corporate credit defaults.