Insurers look to profit from bond volatility

Asian insurance firms, including tactical buyers in Taiwan, have been increasing their allocations to high yield bonds, and some have also been lengthening duration in their investment grade bond holdings amid coronavirus-related volatility, say fund managers. Ed Collinge, global head of insurance strategy at Robeco, pointed to active opportunistic buying by Taiwanese insurers through mandates held by the company in response to volatility in the spring. “There was a significant …