Rising Interest Rates to Increase Insurance Profits, Primus's Founder Says
Profits at insurers will increase as interest rates rise, according to Robert Morse, founder of Primus Financial Holdings Ltd., which is bidding for American International Group Inc.’s Taiwanese unit.
“It is a terrific sector to invest in,” Morse said in a Bloomberg TV interview today. “What we don’t understand is why so many foreign insurance companies have left Taiwan.”
Morse declined to comment on what price he’s offering for the unit, called Nan Shan Life Insurance Co. Taiwanese regulators last year rejected an earlier attempt by Primus Financial to buy Nan Shan.
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