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Sovereign Funds Pursue Insurance Companies

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Warren Buffet likes insurance companies. In general, insurance companies generate money through premiums and sometimes investment returns. Sovereign wealth funds are keen on investing in insurance companies that have resilient balance sheets and monopolistic positions in various insurance markets.

Investing in an Asian insurance company provides the possibilities of high returns, since most parts of Asia, ex-Japan are still building up their insurance industries. Mature insurance markets like in the United States offer less of a high equity investment return.

Back in 2010, the Kuwait Investment Authority (KIA) committed about US$ 1 billion to the AIA Group Ltd’s initial public offering (IPO). Other public investors participated in the IPO. AIA Group is a major Asian life insurer which was part of the American International Group Inc. In 2011, the Government Investment Corporation of Singapore joined in with investors including Goldman Sachs to purchase AXA’s stake in Chinese insurer Taikang Life Insurance.

AIA Group Limited

Fiscal Year 2011 – Total Assets by Geographic Segment Billions USD
Hong Kong 28.03
Thailand 21.52
Singapore 23.216
Malaysia 7.613
China 8.85
Korea 9.827
Other Markets 11.068
Total Assets 110.124

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Follow the Money – Episode 45

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This longer-than-normal episode covers a wide range of issues including such as sovereign wealth funds, bitcoin, cryptocurrencies, Indian real estate, ESG, investment exclusions, central banking and more.

EPISODE 45

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The views in this media are expressed by Michael Maduell and other participants and are not reflective of the Sovereign Wealth Fund Institute (SWFI).

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CalPERS Board Elects Priya Mathur as Board President

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The board of the California Public Employees’ Retirement System (CalPERS) elected Priya Mathur as board president. The current president Rob Feckner was named vice president of the board. Feckner previously served as board president and vice president.

Priya Mathur is serving her fourth term on the CalPERS Board of Administration. Mathur is a principal financial analyst for Bay Area Rapid Transit District (BART). Mathur represents public employees on the CalPERS Board, which she joined in 2002. She currently serves on four committees: Governance, Investment, Pension & Health Benefits, and Risk & Audit. She chairs the Pension & Health Benefits Committee and is vice chair of the Governance Committee.

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Oman SGRF Contemplates $1 Billion Infrastructure Fund

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Oman’s State General Reserve Fund (SGRF) is in discussions on forming a US$ 1 billion infrastructure fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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