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Income Insurance commits more than $780mn to private credit in 18 months

Hugo Cox
Singapore's fourth-largest insurer, Income Insurance, has deployed millions of dollars in private credit recently. There are plans to commit more even as the company faces acquisition by German giant Allianz.
Income Insurance commits more than $780mn to private credit in 18 months

Singapore insurer Income Insurance committed $778 million to private credit in 2023, and anticipates new commitments of a similar magnitude this year, spread among existing managers and others, either hired earlier this year or with whom arrangements are being finalised.

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