Rising ‘Anti-ESG’ Sentiment in US Is Impacting Funds, HSBC Says July 11, 2023 The backlash against investing strategies that factor in environmental, social and governance issues is rising in the US and is...
ESG Managers Say Wave of Probes, Scorn Heralds Better Days Ahead July 1, 2022 By Isabelle Lee and Peyton Forte ESG investment strategies are being probed for deceptive labeling, criticized for excluding firms like Tesla Inc. and questioned as to...
Investors Say U.S. SEC Climate Disclosure Rule to Clarify ‘Mixed Bag’ of Data March 22, 2022 By Ross Kerber Investors, including several who run environmentally focused funds, welcomed the U.S. government’s proposed new rule on corporate disclosure of climate-related...
Massachusetts City’s Pension Fund Lost $3.5M in Email Scam February 16, 2022 An employee of Quincy’s pension fund wrongly sent $3.5 million in a wire transfer in February 2021 in response to...
Reinsurers’ Investment Strategies Offer Buffer for Low Interest Rates, Pandemic: S&P October 30, 2020 By L.S. Howard A decade of low interest rates and tough underwriting conditions has led reinsurers to cautiously invest in riskier and more...
Equity Volatility Is Most Significant Risk for Investors: AIA Group CIO September 30, 2020 By Divya Chowdhury Heightened equity market volatility extending beyond the U.S. presidential election is the most significant risk for investors, AIA Group’s chief...
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...
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...