American insurer looks to raise Asia portfolio allocations

US business insurer FM Global plans to lift its allocation to Asia as it expands the non-US portion of its investment portfolio, a senior executive told AsianInvestor. “We will [raise allocations] as there is a lot of potential across Asia,” Sanjay Chawla, CIO of FM Global, told AsianInvestor. "While there are broadcasted geo-political risks in the region, we do believe that there are opportunities in Southeast Asian markets that can be approached cautiously.” Chawla, who is b…