Insurers Face Big Investment Losses, Trade Credit Claims from Coronavirus Crisis March 12, 2020 By Carolyn Cohn Having initially brushed off the potential impact from coronavirus-linked claims, global insurers are waking up to the prospect of a...
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...
UK’s Legal & General Partners with Amazon to Create Blockchain System for Pensions June 12, 2019 British insurer Legal & General has teamed up with Amazon to establish what it said is the first blockchain system...
Growing List of Re/Insurers Make Decisions on Post-Brexit EU Headquarters October 3, 2017 Everest Re Group Ltd. has said its Dublin-based unit has received approval from the Central Bank of Ireland to become...
UK’s Legal & General Chooses Dublin as Post-Brexit Base for Some Operations May 26, 2017 By Padraic Halpin British insurer Legal & General said it will move some of its investment management operations to Ireland to ensure it...
India’s Bank of Baroda Eyes Sale of Insurer, Asset Management Stakes March 22, 2017 By Anto Antony Bank of Baroda, India’s third-largest state-run bank by assets, is considering a sale of some of the minority stakes it...
EU Solvency II Rules Need ‘Tweaks,’ Not Overhaul: Bank of England February 23, 2017 By Huw Jones EU capital rules for insurers need some tweaks but are not a deterrent to investment in infrastructure as some insurers’...
Insurer & Investor Group Urges G20 to Scrap Fossil Fuel Subsidies by 2020 February 15, 2017 Investors and insurers with more than $2.8 trillion in assets under management on Wednesday called on the Group of 20...
UK’s Legal & General Plans to Disclose CEO-to-Employee Pay Ratio: Source January 18, 2017 Insurer Legal & General Group Plc plans to disclose how much more its chief executive earns than rank-and-file employees, becoming...
Britain’s Vote to Leave EU Hikes Concerns over UK Insurers’ Capital Strength June 28, 2016 By Carolyn Cohn Market falls triggered by Britain’s vote to leave the European Union will hit British insurers’ capital, raising concerns over their...