(Bloomberg) -- Swiss Re AG Chief Executive Officer Michel Liescalled for the creation of a special infrastructure asset class toallow insurers to invest in projects such as roads and bridges.
“If you take all the insurance industry, all the money they caninvest, and if you take the infrastructure need of this planet --there is a perfect match,” Lies said in an interview in Davos,Switzerland.
Insurers and reinsurers, which help primary insurers cover thecosts of damage claims, are looking for alternative opportunitiesas low interest rates erode earnings from fixed- incomeinvestments. At the same time European Commission PresidentJean-Claude Juncker is seeking private-sector support for his 315billion-euro ($365 billion) investment plan.
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