Korean life insurers on the hunt for overseas private debt deals

As Korean life insurers diversify into alternative assets in the hunt for higher yields, new local regulations mean they must select asset classes and locations more carefully. This is encouraging them to choose overseas private debt. In a sign of the popularity of foreign deals with these firms, Samsung Life Insurance, the country’s largest, announced on May 27 it would spend $90 million to acquire a 25% stake in Savills Investment Management (Savills IM), the investment arm of t…