Taiwanese insurer Cathay Life commits $80m to Clayton Dubilier & Rice fund

Taiwanese insurer Cathay Life commits $80m to Clayton Dubilier & Rice fund

Taipei City, Taiwan. Photo by Tom Ritson on Unsplash

Cathay Life Insurance, the insurance subsidiary of Taiwanese conglomerate Cathay Financial Holdings, has agreed to commit $80 million to the latest fund of New York private equity firm Clayton Dubilier & Rice.