Insurers Looking To Up Investments In Commercial Warehouses - Report
Global insurers are looking to increase investments in commercial warehouses over office space, according to a Reuters report. Investments in office space have become riskier due to the increase in remote work during the coronavirus pandemic, Goldman Sachs Asset Management (GSAM) said.
The COVID-19 outbreak is pushing insurers to exchange “undesirable” real estate investments – including both office space and retail properties – for investments in warehouses, GSAM said.
With more employees working from home due to pandemic-related lockdowns, many companies are reassessing their need for office space – a trend that could impact office rents and occupancy rates, Reuters reported. Concerns about COVID-19 have also increased the demand for warehouse space as more customers move to e-commerce sites to avoid making trips to brick-and-mortar stores.
Despite many insurers wanting to switch their investments, it’s hard to divest from real estate assets during the pandemic, Mike Siegel, global head of GSAM Insurance Asset Management, told Reuters.
People Power: Building The Future Of Insurance One Career At A Time
The insurance industry is at a pivotal point. As emerging technologies reshape underwriting, claims processing, and cust... Read more
Private Equity's Great Divide: Is The Future Insurance-Funded Or Fee-Driven?
A fundamental shift is taking place at the top of the private equity industry. While firms like Blackstone remain commit... Read more
Japan's Next Battleground: The Insurance Sector Under Activist Pressure
Farallon’s push at T&D Holdings marks a shift in focus for activist capital targeting Japan’s untapped insurance... Read more
Cover And Conflict: Tensions Rise Between Insurers And Litigation Funders
Burford’s clash with Chubb signals a deeper rift in the legal-financial ecosystem A high-profile dispute between li... Read more
Underwater And Uninsured: How Climate Risk Is Reshaping The US Mortgage Market
As climate change intensifies, its effects are no longer confined to coastlines or news reports on extreme weather. In t... Read more
When The Raters Get Rated: What The Fitch–Kroll Feud Says About Oversight And Accountability
In a rare and unusually public confrontation between two of America’s credit rating agencies, a recent feud between Fi... Read more