The infrastructure investment challenge for insurers
As banks have pulled back from funding infrastructure projects, life insurers have stepped in to fill the void, but deals remain limited in scope. Blake Evans-Pritchard reports
Around the world, investment in infrastructure has been falling. Since the onset of the financial crisis, a lack of liquidity has made banks reluctant to take on extra long-term debt. The introduction of the Basel III framework has reinforced this hesitancy by increasing regulatory pressure on banks to hold extra capital against long-term projects.
The evaporation of funding for infrastructure has happened at the very time that governments are seeking to boost investment in the sector in the
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