Insurers in the region are turning to private debt markets, as they adapt to a challenging macro environment amid lingering fears about inflation and recession, according to BlackRock's annual global insurance report.
China's SWF sells UK real estate at losss; Canadian pension OTPP acquires majority stake in potato and onion supplier; AllianzGI files application to operate in China's funds market; MAS plans support for private credit development in Singapore; and more.
Ontario Teachers’ Pension Plan pauses direct investing in private assets in China; Japan's Meiji Yasuda Life Insurance and venture capital firm establish fund; GIC and Oak Street close $15 billion REIT acquisition; and more.
China Investment Corporation is merging a unit overseeing billions of dollars in private equity and infrastructure investments into its main operations; Australian superannuation plan targeting women has shut down after three years; Taiwan's Cathay Life commits to PE fund vehicle; Chinese state-backed firms take over Sino-Korea Life; and more.
With a new regulatory regime in the making, the lifers’ relatively high allocation to domestic equity will incur a higher cost, and selling off can be either boom or bust.