Sumitomo Life earmarks up to ¥1 trillion for US and Southeast Asia investments
President Yukinori Takada told Bloomberg News that Symetra Financial will lead the US search and named Singapore's Income Insurance as a possible Asian target.
At a glance
Sumitomo Life has set aside as much as ¥1 trillion to invest in the United States and Southeast Asia.
Sumitomo Life's US subsidiary, Symetra Financial, will lead the search for US opportunities, President Yukinori Takada told Bloomberg News.
President Yukinori Takada named Singapore's Income Insurance as a possible target for the Asian leg.
Sumitomo Life has set aside as much as ¥1 trillion to invest in the United States and Southeast Asia.
Sumitomo Life's US subsidiary, Symetra Financial, will lead the search for US opportunities, President Yukinori Takada told Bloomberg News.
President Yukinori Takada named Singapore's Income Insurance as a possible target for the Asian leg.
Elsewhere in the week
Chariot Re, a Bermudian life reinsurer, completed a $1.6bn retrocession with MetLife Reinsurance Company of Hamilton. The agreement took effect on 30 September and covers Japanese whole life and annuity policies denominated in US dollars. It is the fourth deal for Chariot Re since its launch.
Invesco Real Estate said its 2026 commercial real estate loan originations have reached $5bn, after $4bn last year. The manager says bridge, mezzanine and other structured credit can reach past investment-grade mortgages for insurer general accounts.
Continue this analysis
Get the complete Insurance Capital Daily analysis and every detail that follows.
Enter a valid work email to continue reading.
Already a reader? Sign inInsurance Capital Daily's daily briefing. Unsubscribe anytime.
The WrapFitch assigned Constellation Re an A; Morningstar DBRS assigned Verdant Rock an A
The WrapCarrier Management viewpoint says AI splits insurance value chain
The Wrap