Income Insurance to add to private credit amid sliding rate outlook

Singaporean life insurer Income Insurance is ramping up its exposure to private credit as a new portfolio allocation, placing its sights on lower risk charges and higher income amid expectations of declining interest rates in the US. “We are most active in private credit [within private markets]. For us, it’s a new allocation so it’s less mature. The deployment is still below allocation,” said Agnes Chew, an investment senior manager at Income Insurance who looks after external fu…