Ping An Insurance's (HKG:2318, SHA:601318) overseas investment unit is looking to trim its exposure in the U.S. amid the volatility caused by the war in Iran, Bloomberg reported Monday.

"The key question for me to consider is how much and whether you continue to deploy capital into the U.S.," Bloomberg quoted Ping An Overseas Holdings Chairman and CEO Hoi Tung as saying.

Ping An's overseas unit holds an overseas portfolio of $60 billion, with some of the investment going to the U.S., the report said.

The reallocated money from the U.S. could be transferred to China, Bloomberg reported, citing Tung.

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