insurer investments News

Insurers May Cut Allocations to Poorly Performing Hedge Fund Investment Sector

Having complained for years about hedge funds’ high fees and lackluster performance, insurance firms may be preparing to cut allocations to the sector after its poor performance during recent market upheaval left many of them nursing losses. That would be …

Insurers’ $158 Billion CLO Bet Is Putting the Industry at Risk

They’ve been billed as a solution to the rock-bottom interest rates weighing down the returns of America’s asset managers. Collateralized loan obligations — which package and sell leveraged loans into chunks of varying risk and return — promise safety and …

China Regulator Raises Cap on Equity Investments Made by Domestic Insurers to 45%

China’s banking and insurance regulator said it was raising the cap on how much the country’s insurers can invest in equity assets, an effort trying to bring more long-term funds into the capital market. The China Banking and Insurance Regulatory …

Aviva U.K. Unit Dismisses Fears that ESG Investing Hampers Financial Returns

A major U.K. institutional investor has dismissed a commonly-held fear of ESG investing — that it hampers financial returns. Aviva UK Life, part of Aviva Plc, sees environmental, social and governance considerations as a central pillar of its risk and …

EU Rules for Responsible Investing to Be Set for Insurers, Asset Managers in 2021

European Union finance ministers are set to adopt new rules this week that will require asset managers, insurers and pension funds to disclose environmental and social risks in their investments from 2021. The overhaul is expected to bring more clarity …

Korean Insurer Plans to Boost Overseas Investments to Escape Low-Yield Trap

South Korea’s third-largest life insurer plans to boost overseas investments to almost a third of total assets, joining the growing ranks of investors that are taking more risks as bond yields decline. Kyobo Life Insurance Co. will raise its holdings …

Japan Insurers to Invest in Riskier Non-Government Bonds, Seeking Higher Returns

As bond yields evaporate globally, many Japanese insurers are looking to secure higher returns at home and abroad by diversifying into riskier corporate and other non-government bonds in the financial year that began this month. Officials at Japan’s top 10 …

2 Markel CATCo Execs Leave After Reserves Inquiry Unveils ‘Personal Relationship’

Markel Corp. has reported that Anthony Belisle, Markel CATCo chief executive officer, and Alissa Fredricks, Markel CATCo chief executive officer for Bermuda, are no longer with the company following the disclosure of a “personal relationship” that the insurer said violated …

Global Insurers in Mood to Take on New Investment Risks

Despite challenging market conditions, insurers are in a relatively upbeat mood and ready to increase their risk exposure, according to a study from investment advisor BlackRock. Almost half (47%) of insurers surveyed plan to increase portfolio risk exposure over the …

European Insurers Bypassing U.S. Treasuries

U.S. Treasuries need to get a lot cheaper to attract some European investors. Even with yields at multi-year highs, Treasuries are paying less than their pricier German peers when European insurers account for steep hedging costs. A stronger dollar as …