EU Rules for Responsible Investing to Be Set for Insurers, Asset Managers in 2021 November 5, 2019 By Francesco Guarascio European Union finance ministers are set to adopt new rules this week that will require asset managers, insurers and pension...
AXIS Capital Sets Clean Energy Policy Designed to Reduce Climate Risks October 17, 2019 AXIS Capital Holdings Ltd. won’t insure, invest in or provide insurance or reinsurance for new coal plants or oil pipelines...
UK’s Legal & General Is Divesting Exxon Shares Over Climate Change June 24, 2019 By Kelly Gilblom and William Mathis One of Britain’s biggest fund managers started selling shares in Exxon Mobil Corp., saying America’s largest oil company isn’t doing...
Dutch Insurer Weighs Cutting Cover for Gambling, Arms, Nuclear Power June 24, 2019 By Ruben Munsterman and Will Hadfield Europe’s biggest insurers refuse to sell policies to coal miners and arms producers. A Dutch firm may go further by...
Allianz Weighs Bid for Deutsche Bank’s Asset Management Business: Sources April 24, 2019 By Arno Schuetze Allianz and Amundi are considering rival deals to tie up their asset management units with Deutsche Bank’s DWS, sources close...
Hannover Re Cuts Exposure to Coal-Based Risks, Limiting Investments, Underwriting April 22, 2019 Hannover Re announced it is scaling back its exposure to coal-fired power plants and coal mines, joining a growing list...
BNP Paribas’ Insurance Unit Cuts Exposure to Coal on Climate Change Concerns March 19, 2019 The Cardif insurance division of BNP Paribas, France’s largest bank, on Monday outlined new targets to reduce its exposure to...
Generali Acquires Alternative Asset Management Firm CM Investment Solutions December 5, 2018 Italian insurer Generali Group has acquired CM Investment Solutions Limited (CMISL), an alternative asset manager in London, from Bank of...
Macquarie Pursues 3-Way Joint Venture in China Under New Rule December 3, 2018 Macquarie Group Ltd. is in advanced talks to create a majority-owned securities joint-venture firm in China, according to people familiar...
Generali to Acquire Polish Asset Management Firm, Union Investment TFI October 23, 2018 Generali has entered into an agreement with the German Group Union Asset Management Holding AG to acquire a 100 percent...