Taiwan lifers’ foreign assets set to plateau under new rules

Taiwanese insurers have been steadily increasing their overseas investments in recent years but that could hit a plateau when new rules on Formosa bonds – foreign-currency issues by non-domestic companies in Taiwan – come into force towards the end of this year, according to analysts. The changes are likely to affect the investments of large firms such as Fubon Life and Cathay Life, which have continued to raise their offshore investments this year, as shown by their first-half re…