Local life insurers are leaning on overseas acquisitions to offset a shrinking domestic population, even as the agency says capital buffers should stay resilient.
The plan to reduce approximately US$1bn in North America-focused software private equity stakes comes amid a broader pullback from the asset class by private credit funds and insurers.
GIC Re and New India Assurance are said to be leading the formation of a US$100m marine war-risk pool to cover vessels on high-risk routes in and around the Persian Gulf.
