Oct
26
BlackRock Says Property Bets, Lending Lure Yield-Hungry Insurers
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Insurers turn to direct lending, commercial mortgages
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More than half of insurers surveyed plan to increase risk
Insurers are increasingly looking to make direct loans and finance commercial properties as central bank policies limit yields on traditional holdings such as government debt and investment-grade corporate bonds, according to BlackRock Inc., the world’s largest money manager.
About 57 percent of insurers plan to increase risk exposure in their portfolios in the next 12 to 24 months, BlackRock found in a survey of insurers that manage more than $6 trillion of assets combined. That compares with 33 percent a year ago, the New York-based company said in a statement Monday…
BlackRock Says Property Bets, Lending Lure Yield-Hungry Insurers
