LATEST NEWS
- Over £1trn held by UK institutional investors exposed to 'significant' climate risk
- US life insurers have significant CML default headroom - Fitch
- Net Zero Investment Consultants Initiative launched
- Prudential reveals plans for Hong Kong share offering
- Sale of Aegon's eastern European business blocked
US life insurers have significant CML default headroom - Fitch
Stress on the commercial mortgage loan (CML) portfolios of US life insurers alone will not drive rating downgrades, given strong industry capitalisation, current loan quality and historical loss experience, Fitch Ratings has said
Net Zero Investment Consultants Initiative launched
Twelve investment consulting firms, representing assets of around US$10trn, have launched the Net Zero Investment Consultants Initiative (NZICI), committing to support a global goal to reach net-zero greenhouse gas emissions by 2050 or sooner
Prudential reveals plans for Hong Kong share offering
Prudential has announced a share offer to raise up to 5% of its issued share capital, or approximately 130.8 million shares, on the Hong Kong Stock Exchange (HKSE) through a concurrent Hong Kong public offer and international placing
Other News Stories...
EC adopts comprehensive review of SII
The European Commission (EC) has today adopted a comprehensive review of EU insurance rules (known as Solvency II) so that insurance companies can scale up long-term investment in Europe's recovery from the COVID-19 pandemic
Phoenix appoints head of stewardship
Phoenix has appointed Valeria Piani as head of stewardship, a newly formed position, as the company further enhances its responsible investment and stewardship expertise
SII’s MA should allow assets with ‘predictable’ returns rather than just ‘fixed’ - ABI
Solvency II’s Matching Adjustment (MA) provisions should allow assets with ‘predictable returns’ rather than just ‘fixed returns’, ABI director of regulation Charlotte Clark has said
Sale of Aegon's eastern European business blocked
Aegon and Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) have been informed that the Budapest Metropolitan Court has rejected their joint appeal challenging the Hungarian Ministry of the Interior's decision to block VIG's acquisition of Aegon's Hungarian business
Investors set blueprint for oil and gas transformation
A group of investors with £10.4trn AUM, which includes Amundi, Legal & General Investment Management and HSBC Global Asset Management, has set out a blueprint for oil and gas companies to achieve net-zero
Rothesay records SCR coverage ratio of 202%; surplus capital at £3.6bn
Rothesay has recorded a Solvency Capital Requirement (SCR) coverage ratio of 202% at 30 June 2021, with a surplus capital of £3.6bn
IASB urged to reassess workplan and prioritise post implementation review of IFRS 17
The International Accounting Standards Board (IASB) is being urged to reassess its workplan and prioritise a post implementation review of IFRS 17
Latest Features
Chinese onshore bonds - worth considering for your insurance assets?
The context behind the Chinese domestic bond market and why Pictet Asset Management believes this market offers insurance companies superior investment opportunities
Infrastructure investment interest growing among insurers; supply problems remain
Europe's insurers are becoming increasingly interested in infrastructure assets, but more action is required by policymakers to unlock future potential investment, according to a survey conducted by Insurance Europe
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
The role ETFs can play in the ESG journey for insurers
Justin Wheeler, Head of UK iShares Asset Owner Distribution at BlackRock, and Mark Guirey, Head of EMEA Insurance Segment and UK Asset Owner Client Coverage at MSCI, discuss the drivers behind growth in this area, market reactions to COVID-19, and the role of indexing
Why are government bonds so important when thinking about climate change?
Adam Cadle speaks to Dr Laura Ryan, Head of Research, Ardea Investment Management, about the importance of government bonds and climate change, and how the scope of impact and potential for change couldn't be greater
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
DIVERSIFIED PRIVATE CREDIT
Editor Adam Cadle talks to BNP Paribas Asset Management head of pension solutions Julien Halfon about investing in diversified private credit
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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
