Wüstenrot & Würtembergische (W&W) has private equity and private debt funds on its shopping list as its strategic focus is “increasingly on alternatives”, its annual results revealed.
Würtembergische Leben is looking to internationalise its property portfolio, from being mainly direct and German.
A common theme behind its allocations is the ubiquitous fall in reinvestment yields, which sent annual current net income on its €51bn ($60.7bn) portfolio from €802m to €725m.
Over half (51.6%) of W&W’s solvency requirement is from investments, dwarfing underwriting risks (19.6%).
