TAIWAN TO EASE OVERSEAS INVESTMENT RULES FOR INSURERS

TAIPEI - Taiwan's financial regulator plans to allow Taiwanese insurers to invest in overseas corporate bonds with lower credit ratings than are currently allowed, and to invest in properties abroad. This will allow local insurers to invest in overseas corporate bonds with at least a "BB+" rating, the Financial Supervisory Commission (FSC) said, noting that the current regulations require no lower than a "BBB+" rating.