insurer investments News

China’s Ping An Sold Stake in Country Garden, Has No Plans to Buy the Troubled Firm

Ping An Insurance (Group) Co. said it doesn’t hold any shares in Country Garden Holdings Co. and has no plans to acquire the distressed Chinese developer, refuting a report that sent the insurance giant’s stock tumbling on Wednesday. The insurer …

Industry Trades Rail Against Federal Climate Disclosure Bill

Federal legislation introduced last week that would require insurance companies with more than $100 million in annual premiums to disclose investments and underwritings related to coal, oil and gas projects, and fossil fuels is already required at the state level …

EU Plans Tough ‘Value for Money’ Rules for Investment Products: Draft Proposals

Banks, insurers and asset managers in the European Union would only be allowed to sell funds and other products across the bloc if they could prove to regulators they offer value for money, draft proposals seen by Reuters showed. The …

Union Mutual Invests in Vermont Solar Project

Union Mutual Insurance Co. recently announced its participation in community-owned solar project under development by the Acorn Renewable Energy Co-op of Middlebury. As the sole Series A member investor, Union Mutual has provided roughly one-third of the capital to construct …

Global Insurers Want to Increase Private Equity Investments, as Inflation Hits Portfolios

Insurers want to put more money into private equity this year as they contend with rising inflation and its effects on monetary policy, a survey by Goldman Sachs Asset Management showed on Monday. More than 40% of insurers plan to …

Hong Kong’s AIA Group Sells Nearly $10 Billion of Coal Investments

AIA Group Ltd. has sold off almost $10 billion of investments in coal mining and coal-fired power businesses as pressure grows on financial firms to cut ties with the sector. The insurer completed the entire sale of directly managed equity …

Moody’s Analytics Launches Asset-Liability Management Tool for Insurance Investment

Moody’s Analytics has launched an asset-liability management (ALM) solution for insurance companies called of RiskIntegrity™ Investment Insight. The new tool combines data and modeling capabilities from across Moody’s Analytics to help insurers to build liability-aware investment portfolios and better evaluate …

Wall Street Faces $22 Trillion Ticking Carbon Time Bomb

The clock is ticking for banks, insurers and asset managers still providing support to oil, gas and coal producers. It’s not just the moral imperative—that fossil-fuel use is destroying the atmosphere and life on Earth with it. It’s that their …

Insurers to Hike Private Market Investments; Environmental Focus Grows: BlackRock

GLASGOW / NEW YORK – Insurers plan to increase their allocations to private markets to 14% from 11% over the next two years in the hunt for yield, as they add more money to environmentally focused investment funds, BlackRock Inc …

Life Insurance Sector at Risk if Bond Yields Rise Sharply: IMF

The life insurance industry is at risk if there is a sharp rise in bond yields, with an extreme situation potentially causing insurers to liquidate investments reaching $1 trillion in the United States and Europe, the International Monetary Fund warned …