Bank of Japan Scraps Radical Policy, Makes First Interest Rate Hike in 17 Years March 19, 2024 The Bank of Japan (BOJ) ended eight years of negative interest rates and other remnants of its unorthodox policy on...
Outgoing BoE Governor Discusses Risks of Negative Interest Rates, Climate Change February 13, 2020 By Jill Ward and Francine Lacqua Mark Carney said he’s lucky he never had to cut interest rates below zero as Bank of England governor because...
Zurich Helps Firms Deal with Negative Interest Rates by Insuring Cash Parked in Vaults October 10, 2019 By Catherine Bosley In the Swiss canton of Zug, officials are going to extremes to avoid getting penalized by the world’s lowest interest...
Low Interest Rates Pose Unknown Risks for European Insurers: CEO of Gjensidige August 30, 2016 By Jonas Cho Walsgard Cheap money could have unknown consequences for Europe, according to the chief executive officer of Gjensidige Forsikring ASA, Norway’s largest...
Negative Interest Rates Described as ‘Dirt Sandwich’ for Insurers, Asset Managers July 14, 2016 By Katherine Chiglinsky Central bankers globally need to realize the risks that extreme monetary policies will backfire, according to Voya Financial Inc.’s Karyn...
Europe Insurers’ Stress Tests Could Lead to Higher Capital Requirements July 13, 2016 By Jan-Henrik Förster and Oliver Suess European insurers, whose profits are being eroded by Mario Draghi’s* quantitative easing program, face a stress test headache that risks...
European Insurers Look to Hoarding Cash After Brexit Vote June 29, 2016 By Oliver Suess Investors will consider hoarding cash in vaults as government bond yields fall deeper into negative territory following the U.K.’s vote...
Swiss Re Hikes Corporate Debt Holdings, Cuts Risky Government Bonds June 17, 2016 By Jan-Henrik Förster The European Central Bank has turned government bonds into one of the riskiest asset classes, prompting Swiss Re AG to...
Insurers Provide Cover for German Banks Stashing Billions of Euros June 14, 2016 By Jonathan Gould Europe’s top insurers are selling protection to German banks that hoard billions of euros of cash in vaults to avoid...
Swiss Re’s List of Emerging Risks Range from Blockchain Tech to Human Cyborgs May 26, 2016 A fragmented Internet, continued experimentation with monetary policy and another round of economic crises in emerging markets top Swiss Re’s...