Aviva UK Life eyes Asia in foreign investment push

London-based insurer Aviva is looking to diversify its £51 billion ($69 billion) UK annuities investment portfolio by taking more overseas asset exposure as Brexit casts a pall over the domestic economy. Both Asia and North America are on its radar, and the firm will be using external asset managers to help raise its foreign allocation, with private debt a big focus. “Asia is a very under-penetrated market for us both in terms of our exposure and our in-house capability,” said A…