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Concentration risk constrains Italian insurers' ratings despite strong capitalisation - Fitch

Asset concentration risk constrains the ratings of Italian insurers, Fitch Ratings has said, however, this risk is partly offset by strong capitalisation, which is typically a credit strength for rated Italian insurers

Hiscox records lowest ever fixed income investment yields

The yield to maturity on Hiscox’s fixed income portfolio is now at its lowest ever point at less than 1%, thus serving to reduce future expected returns

Argo sees net investment income fall 96.5%

Argo Group’s net investment income decreased 96.5% to $1.5m in Q2 2020, from $42.8m in Q2 2019

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Belgian regulator urges (re)insurers to suspend dividend payments until at least 1 January 2021

The National Bank of Belgium is urging Belgian credit institutions and (re)insurers to suspend their dividend payments until at least 1 January 2021

$276m hit in private equity sees AIG’s net investment income drop $537m

AIG’s net adjusted investment income has dropped $537m from a year ago to $3.2bn

Half of US insurers outsource investment management

Fifty-one per cent (2,269) of the total number of US insurers (4,482) filing statements with the NAIC reported outsourcing investment management at year-end 2019

Cattolica paves way for Generali tie-up

Shareholders in Cattolica Assicurazioni have approved its conversion into a joint-stock company

Australian regulator eases restrictions around dividend payments for insurers

The Australian Prudential Regulation Authority (APRA) has updated its capital management guidance for banks and insurers, in particular easing restrictions around paying dividends as institutions continue to manage the disruption caused by COVID-19

AXIS Capital’s net investment income hit by negative credit and real estate performance

AXIS Capital’s net investment income fell from $93m in Q1 2020 to $45m in Q2 2020, primarily as a result of negative returns from credit and real estate funds

Legal & General seals £100m bulk annuity deal

Legal & General has agreed a £100m bulk annuity transaction with the Countrywide Farmers Retirement Benefits Scheme, securing the benefits of 360 deferred members and 712 retirees

Latest Features

'Double-hit' scenario to cause €160bn EU insurer balance sheet plunge

A 'double-hit' scenario across Europe is to have a negative impact worth €160bn on the undertakings balance-sheets of EU-wide insurers and for a 'low-for-long' scenario an impact of €100bn, according to EIOPA's latest insurance stress test report

Insurance Europe 'puzzled' by length of EIOPA's stress test recommendations

Insurance Europe is 'puzzled' by the long list of supervisory actions recommended by EIOPA arising from its latest stress test report

Real estate debt: how to target better outcomes from private debt investment

Careful underwriting of real estate debt can provide downside protection for insurers’ portfolios as the market cycle turns, says M&G’s Real Estate Debt Finance director Duncan Batty

Real estate debt: a compelling investment case for insurers

Insurance companies are increasingly seeking investments that offer both attractive returns and make efficient use of capital. A growing number are recognising the valuable role that real estate debt – specifically senior mortgages on commercial property – can play within a core fixed income portfolio – and the multiple benefits it can offer large-scale investors with longer investment horizons and capacity to accept illiquidity


Expert Views
How can we rethink insurance investment to solve the complexity challenge?
The model of insurance investing has been upended since the financial crisis by a confluence of challenges. New assets, strategies and partnerships have the potential to help insurers cut through this complexity and deliver sustainable solutions
Expert Views
New Rules, New opportunities: A return to European ABS for insurers?
At the height of the global financial crisis, insurance company investors withdrew from the securitised debt market and sold down their asset-backed securities (ABS) holdings. But a decade on, new regulation offers the potential for securitised debt to re-emerge as an attractive investment opportunity for Solvency II-regulated insurers, believes James King, Fund Manager at M&G Investments
Editor Adam Cadle talks to BNP Paribas Asset Management head of pension solutions Julien Halfon about investing in diversified private credit

IAM Awards 2019 Winners

Emerging Market Debt
Editor Adam Cadle talks to BNP Paribas Asset Management head of emerging markets debt Bryan Carter about the asset class and the opportunities in this space
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HSBC: Asian credit
Adam Cadle talks to HSBC Global Asset Management global head of insurance segment Andries Hoekema and head of insurance business EMEA Deepak Seeburrun about investing in Asian credit for European insurers

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