Ayudhya Allianz expects Bt80 billion in portfolio this year

Wilf Blackburn, president of AACP, said on Tuesday that with such financial strength from good profit - Bt1.05billion pretax profit from last year - the insurer could afford to be more "adventurous" with their investment.

Sitting atop Bt75 billion, AACP has recently profited from cashing out earlier from the stock exchange, just before stock prices worldwide tumbled as the result of the subprime debacles in the US. And because of the company's lack of exposure to investments aboard, AACP was spared the wrath that has devastated many financial institutions.

And despite the government now allowing local insurance companies no more than 8.5 per cent in overseas stocks, Blackburn, while not completely ruled out the possibility, said that AACP would continue to concentrate in domestic equities. The company has recently revised its equityportfolio investment from 12 per cent from total to 7 per cent, setting its ceiling for equities investment at no more than14 per cent. 

- The Nation

 Ki Nan Tsui