Taikang Life to boost offshore exposure

Taikang Life, China’s sixth biggest life insurer, is working on plans to increase its overseas exposure via external managers; it is particularly keen on Europe and the US. This follows a move late last year by the Chinese insurance regulator to expand the scope of insurance firms’ foreign investments, leading fund houses to anticipate a substantial flow of capital offshore from the mainland. Beijing-based Taikang Life, with $55 billion in AUM as of end-2012, will approach forei…