Taiwan’s largest insurers are looking to snap up overseas bonds as they prepare to invest their biggest cash piles in years in search of higher yields.
Cathay Life Insurance Co. held NT$403 billion ($13.1 billion) in cash as of the end of June, according to an earnings presentation last month. That accounted for 5.2% of its investments, the most since 2013.
Fubon Life Insurance Co. and Nan Shan Life Insurance Co. also had cash positions totaling 7.2% and 3.9% of their investments respectively, representing the highest levels since 2021 for both companies. In total, Taiwan’s life insurers held more than ...