Opinion: Canadian tentacles

If Nephila has lived up to its name by weaving a golden web
across the property cat industry, then perhaps the Canadian Pension
Plan Investment Board (CPPIB) ought to consider a name change.
For its growing appetite for investing in insurance risk
carriers and distributors is beginning to look a little like the
behaviour of an octopus, with tentacles reaching out across the
non-life and life sector, grasping at different access points.
It emerged this week that the giant pension...