The PRA, next month, will ask UK insurers, as part of a market-wide insurance stress test, to consider how their businesses would be affected in different physical and transition risks scenarios.
In a speech today, Bank of England governor Mark Carney said “testing the banks, and possibly other participants in the financial system, with climate-change scenario stress tests would have two objectives: to consider whether, across the financial system, financing flows are consistent with an orderly transition to the climate outcome set out in the Paris agreement and to consider whether the financial system would be resilient to shorter-term shocks – including a climate “Minsky moment” when climate risks materialise suddenly.”
Japan Post Insurance is shifting its approach to sustainable investing by picking companies with a technological edge to solving global problems, its investment chief has said
EIOPA has announced the request addressed to insurance undertakings of the EEA and subject to Solvency II (SII) to provide information on the Long-Term Guarantees (LTG) measures, on the dynamic volatility adjustment and on long-term illiquid liabilities
Allianz is exploring combining its asset management (AM) arm with DWS, according to reports from Bloomberg and Reuters
Junior infrastructure debt is "uniquely placed" to form an important part of insurers’ investment portfolios due to its high illiquidity premium, lower risk credit risk profile, moderate tenor and unique diversification characteristics, Schroders has said.
In its latest thought-piece co-authored by insurance ALM director Clara Yan and alternatives director Claire Smith, Schroders said “junior debt offers a unique profile where investors can capture a high complexity, or illiquidity, premium for often a better credit profile compared to other asset classes of similar ratings or returns”
Munich Re expects an investment result of around €6.5bn for 2019, representing a return on investments of about 3%, according to its latest financial statement
European Council President Donald Tusk has said he believes a short Brexit extension ‘will be possible’ but only on the condition that MPs pass Prime Minister Theresa May’s deal in the House of Commons (HOC)
Insurance companies regulated and authorised by the Romanian Financial Supervisory Authority (ASF) have seen their 2018 gross premiums increase by 4.5% to 10.14bn lei, according to latest figures