Cathay Life to continue raising foreign investments
The biggest life insurer in Taiwan will allocate more capital overseas in contrast to some of its peers and against the local regulator’s wishes.
Cathay Life plans to further lift its overseas investment exposure in spite of official efforts to limit the amount of insurer capital invested outside of Taiwan.
It also runs counter to local regulator efforts to coax more insurer capital into domestic assets to support the Taiwanese economy.
“We will still continue to increase overseas investments to enhance returns,” a spokesperson for Cathay Life said in an email to AsianInvestor.
That’s because bond issuance in Taiwan is…
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