The Canadian insurer already owns majority stakes in two real estate investment managers, both of which are pushing to manage more buildings that house artificial intelligence machinery. BentallGreenOak launched an effort to develop major hyperscale data centres in Europe in the third quarter, while InfraRed Capital Partners agreed to buy Rogers’ data centre business. (The Logic)
Skip to content
The Canadian insurer already owns majority stakes in two real estate investment managers, both of which are pushing to manage more buildings that house artificial intelligence machinery. BentallGreenOak launched an effort to develop major hyperscale data centres in Europe in the third quarter, while InfraRed Capital Partners agreed to buy Rogers’ data centre business. (The Logic)
Talking point: Sun Life is betting that AI infrastructure could help offset an otherwise tough insurance market. Its shares fell more than three per cent after executives on its third-quarter earnings call said that U.S. customers were using more dental benefits amid fears of losing Medicaid coverage and rising health-care costs. But CEO Kevin Strain said the company’s asset management businesses, which includes the real estate portfolios, is becoming an “important growth engine” for the future of the financial services firm. Infrastructure projects have long been a popular investment for U.K. and EU insurers, and regulatory changes in Canada are encouraging insurers to pursue the same strategy.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Canadians are open to pension funds investing in airports and railways
Briefing
A major carbon capture and storage project broke ground in central Alberta Wednesday
Banks say trade war remains manageable, but some see pockets of risk
RBC launches $1.4B fund to back Canadian tech companies
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
