insurance asset management News

Corporate Credit Tremors in Aftershock of Tariff-Led Stock Rout

The tariff shock and recession fears that have sent world stocks into a tailspin over the last week are rolling into corporate funding markets, raising the cost of borrowing and disrupting financing plans even for lower-risk companies. With U.S. Treasuries …

Generali Won’t Fight Italy Government Over Natixis Deal, CEO Tells Paper

Italian insurer Generali will not put up a fight to defend a planned asset management tie-up, if Rome’s opposition stiffens once a government review of the deal starts, CEO Philippe Donnet said in a newspaper interview. Donnet’s comments came as …

Italy Insurance Watchdog Needs More Details of Generali-Natixis Deal, Sources Say

Italy’s insurance regulator IVASS needs more details about internal control and governance systems as it reviews domestic leader Generali’s proposed asset management tie-up with French bank BPCE, two sources close to the matter told Reuters. Generali, Europe’s fourth-largest insurer, signed …

Swedish Insurer Folksam Divests $160 Million Tesla Stake

Sweden’s largest insurer Folksam said on Wednesday it has sold its stake in electric car maker Tesla over concerns about the company’s stance on workers’ rights. Tesla, headed by billionaire Elon Musk, is facing a backlash from unions and some …

Allianz Global Investors Scraps Nuclear, Military Exclusions to Back Europe Rearmament

Germany’s Allianz Global Investors has dropped two exclusions blocking its sustainable funds from investing in defense, becoming one of the first major European asset managers to change their policies to help finance the region’s rearmament. AGI wrote to its clients …

Germany Tells Insurers to Vet Private Asset Deals More Carefully

Germany’s financial watchdog is pushing insurers to step up scrutiny of private credit investments after several firms were stung by losses on loans to real estate companies. BaFin, which oversees more than 500 insurers, is asking 30 to 40 firms …

Lloyd’s Register to Sell Modern Tower and Return to Victorian HQ

Lloyd’s Register, the maritime society formed in a London coffee house in 1760, has put its modern glass headquarters up for sale as it prepares to move back into the property built to house it more than a century ago. …

Generali to Remain in Charge of Investment Decisions in BPCE Deal, Won’t Cut Stake

Generali to remain in charge of decisions over how to allocate its own clients’ savings under the asset management deal with France’s BPCE, the insurer said, addressing concerns raised by Italy’s government and two leading investors. In a bid to …

Dutch Willing to Help Insurers Invest in Defense, Minister Says

Dutch insurance companies and other financial institutions that want to invest in the defense industry can expect guidance from the government, said Defense Minister Ruben Brekelmans. “What I’ve experienced so far with insurers like NN, but also with banks, is …

Generali, BPCE to Form Europe’s Second-Largest Asset Manager

Assicurazioni Generali SpA and BPCE have reached a preliminary deal to combine their investment units and create Europe’s second-largest asset manager amid a deal wave in the industry. The two firms signed a non-binding memorandum of understanding for a joint …