US financial firm Conning, which specialises in the insurance sector, is considering an infrastructure debt strategy in Europe as institutional investors increasingly seek new sources of fixed income-like returns.

Conning is considering a new infrastructure debt strategy for insurers in Europe, a region in which such products have gained popularity in recent years, chief executive Woody Bradford told Financial News. Conning has been working over the last three years to expand its presence in the region, where it operates under the name of Conning Asset Management.