Daiichi Life to Tighten Private Credit Manager Selection on Risk

Daiichi Life Group Inc. is tightening the process for selecting managers of private credit investments to decrease risk after several high-profile defaults overseas.

Japan’s second-biggest life insurer by assets will more strictly assess managers’ performance, how stable their assets under management have been and if there has been investment sector bias, according to Masashi Kataoka, head of the alternative investment unit at the Tokyo-based firm.