Thursday, May 24, 2018

One-third of global insurers aim to increase PE investments

Global insurers are planning to maintain or raise their investments in private equity in the next 12 months.

According to a survey conducted by Goldman Sachs Asset Management (GSAM), 32% of global insurers want to increase their private equity investments in search for higher yields.

Insurers have been making more adventurous asset choices, as low interest rates have slowed returns on traditional investments.

The survey, which involved 300 executives who oversee more than US$10 trillion in insurance assets, showed that private equity was the favoured asset allocation choice, followed by infrastructure debt and commercial mortgage loans.

According to Mike Siegel, global head of GSAM Insurance Asset Management, insurers are increasing private equity investment because past investments in the sector are now yielding profits.

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