insurer investments News

EU Wants Insurers to Plug Investment Gap, but Bank Partners Needed: Regulator

Efforts to get insurers to plug Europe’s investment gap by backing riskier assets could be undermined if banks are unwilling to share crucial credit data with them, a European Union insurance regulator said. EU insurance capital rules known as Solvency …

EU Insurers Have Raised Their Exposure to Riskier Investments: EU Regulator

Insurance companies, in their search for yield, have increased their exposure to bonds with lower credit ratings and to less liquid securities like non-listed equities and loans, according to a survey by Europe’s insurance watchdog published Thursday. The survey, looking …

Swiss Re Bases Entire $130B Liquid Investment Portfolio on Ethical Principles

Swiss Re is switching the entire $130 billion it holds in liquid assets to track ethical indices, the latest move towards principled investments by the insurance industry. The world’s second-largest reinsurer is 90 percent of the way through shifting its …

12 States Call Out California’s ‘Affront to Sound Insurance Regulation’

It’s difficult to decide whether Dave Jones is underdog prize fighter Rocky Balboa or reigning champ Apollo Creed. He’s the insurance commissioner of the most populated state in the nation and that makes him a powerful figure. But with a …

UK’s Aviva Selling $1.3B in Tobacco Company Holdings

Aviva, Britain’s biggest life insurer, is selling about 1 billion pounds ($1.3 billion) worth of bonds and shares it holds in tobacco companies, joining a global campaign to divest from the industry. The move by insurance companies to sell holdings …

California’s Climate Risk Database Calls Out Insurer Carbon Investments

A new interactive database with extensive information on insurer investments in fossil fuels was unveiled today by California Insurance Commissioner Dave Jones. Jones released the results of his Climate Risk Carbon Initiative, which include information on the amount of oil, …

Insurer Community Investments in California Earn $10M in Tax Credits

California Insurance Commissioner Dave Jones announced $10 million in tax credits awarded to 15 insurance companies and other investors that made more than $50 million in capital investments into California’s underserved communities through the 2016 California Organized Investment Network Community …

U.S. Insurers Now Among Major Buyers of ETFs: JP Morgan

The booming demand for hot exchange-traded funds has finally caught up with the staid, sleepy insurance industry. U.S. insurers are the latest group of investors to start buying ETFs (exchange-traded funds) en masse, with one of the fastest adoption rates …

Report Calls Out Insurers for Half-a-Trillion Dollars in ‘Dirty Energy’ Investments

Leading U.S. insurers have nearly half-a-trillion dollars invested the fossil fuel energy and the electric and gas utility sectors, according to a report out today that urges state insurance regulators and board members of these companies to help move them …

China’s Anbang Insurance Checks Out of Hotel Bid War

A group led by China’s Anbang Insurance Group Co. withdrew its $14 billion takeover offer for Starwood Hotels & Resorts Worldwide Inc., a surprise move that ends a three-week bidding war and clears the way for an acquisition by Marriott …