Hong Kong insurers look for safer bonds investments as recession looms

The threat of recession has cast a shadow over triple-B rated US corporate bonds - and even triple-A rated bonds could soon look like tainted assets, according to speakers at the AsianInvestor Insurance Investment Briefing in Hong Kong on September 30. With the US Federal Reserve battling inflation through a series of interest rate hikes, the concern now is not if, but when, a recession will hit and how long and severe it might be. For Hong Kong-based insurers grappling with a l…