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17/05/2024

The number of privately rated securities reported by US insurance companies totalled 8,152 at year-end 2023, a 20% increase from 6,792 in 2022, and is on pace to triple the count of 2,850 in 2019 by the end of 2024, the NAIC has revealed


17/05/2024

Phoenix Group has hired Cecile Retaureau as its new head of private markets to lead Phoenix’s growing private market team of 16 investment professionals across real estate, infrastructure, public finance, corporate credit and private equity


17/05/2024

A majority of institutional investors and wealth managers are turning their focus to yield as opposed to growth in response to the changing geo-political and macroeconomic environment, new research from Managing Partners Group (MPG) has revealed


16/05/2024

Baloise has successfully issued a 10-year senior bond with a coupon of 1.75% for a total size of CHF150m


16/05/2024

AIG is selling approximately 120 million shares of its Corebridge common stock to Nippon Life for an aggregate purchase price of $3.8bn


16/05/2024

Vienna Insurance Group (VIG) has tightened its sustainability rules in asset management and underwriting, whilst also establishing its own Group Sustainability Office


15/05/2024

German insurers are becoming less enthusiastic about private credit as rising interest rates make asset classes with higher liquidity more attractive, according to the country’s top financial regulator


15/05/2024

Sun Life intends to issue in Canada $750m principal amount of series 2024-1 subordinated unsecured 5.12% fixed/floating debentures due 2036


15/05/2024

Sweden’s Folksamgruppen has invested just over SEK 500m in the Norrsken Venture Capital Fund II


15/05/2024

Finnish pension insurance company, Ilmarinen, returned 3.2% on its investments in the first quarter of 2024, its latest data has revealed


14/05/2024

Everest has launched its Australian insurance operations after receiving approval from the Australian Prudential Regulation Authority


14/05/2024

Risks in the EU insurance sector are stable and overall at a medium level, with pockets of vulnerabilities stemming from market uncertainty and potential risks in the real estate sector, EIOPA’s latest Insurance Risk Dashboard has revealed


14/05/2024

Prudential Financial has announced that Andrew Yorks will join the company as head of global investment strategy, effective 15 July


14/05/2024

The Norgine Limited Retirement Benefits Scheme has insured the benefits of its defined benefit pension scheme with Canada Life in a full buy-in transaction of £28m, following a competitive tender process run by Mercer


14/05/2024

The global investment industry must double the resources dedicated to stewardship, a new report from the Thinking Ahead Institute (TAI), commissioned by the United Nations-supported Principles for Responsible Investment (PRI), has said


13/05/2024

Bermuda’s P&C insurers rely more heavily on a single individual, such as the CRO, to managed ESG risk overall than long-term insurers, a survey by the Bermuda Monetary Authority (BMA) has revealed


13/05/2024

Continental European life insurers’ Solvency II ratios will “stay very strong” into 2024, despite the likely rate cuts by the ECB, Fitch Ratings has said


13/05/2024

The Malaysian general insurance industry is set to grow at a compound annual growth rate (CAGR) of 7.8% from MYR22.6bn ($5bn) in 2024 to MYR30.5bn ($6.8bn) in 2028, in terms of direct written premiums, GlobalData has said


10/05/2024

The Rathbone Group 1987 Pension Scheme and the Laurence Keen Retirement Benefits Scheme has completed a £100m buy-in deal with Canada Life, insuring the defined benefit (DB) pension liabilities for around 480 members


10/05/2024

Industry experts have argued that insurance transactions are “entirely achievable” for small defined benefit (DB) schemes, highlighting a number of recent small scheme deals as evidence of the opportunities available for schemes that are prepared and ready


09/05/2024

The US insurance industry reported $8.5trn in total cash and invested assets at year-end 2023, an increase of 4.4% versus year-end 2022, the NAIC has revealed


09/05/2024

The John Turner Construction Group has completed a full scheme buy-in with Aviva


09/05/2024

Just Group has completed 400 bulk annuity transactions since it entered the defined benefit (DB) de-risking market in 2012


08/05/2024

The Insurance Asset Management Awards 2024 is now open for entries


08/05/2024

India’s life insurance industry is set to grow at a compound annual growth rate (CAGR) of 10% from INR9.3trn ($151.7bn) in 2024 to INR13.5trn ($216.bn) in 2028, in terms of gross written premiums (GWP), GlobalData has stated


08/05/2024

MAPFRE has announced €15m investment support for its biomethane fund from Spain’s Official Credit Institute (ICO)


07/05/2024

Actuarial consultancy, OAC, has launched a new asset projection tool designed for investment managers working with insurers


07/05/2024

RBC ratios for Fitch’s universe of US life insurance companies increased eight percentage points to 445% in 2023, compared to the previous year


07/05/2024

La Française Asset Management has merged with Crédit Mutuel Asset Management, forming “New” Crédit Mutuel Asset Management


07/05/2024

The number of US insurers that reported outsourcing investment management to an unaffiliated firm at year-end 2023 remained relatively consistent with year-end 2022, increasing by less than 1%, the NAIC revealed


07/05/2024

Spanish insurer, VIDACAIXA, and MEDVIDA Partners have completed the transfer of a run-off portfolio of almost 30,000 policies


03/05/2024

Finnish pension insurer, Veritas, reported an investment return of 3.7% for the first quarter of 2024


03/05/2024

Talanx Group has achieved its medium-term targets in asset management ahead of schedule in the 2023 reporting period and enhanced its sustainability activities


03/05/2024

Pension Insurance Corporation (PIC) completed transactions with total premiums of £1.5bn to mark a “strong” start to the year, its Q1 2024 trading update has revealed


03/05/2024

New York-based alternative asset manager, Third Point LLC, has announced the launch of Malibu Life Reinsurance (Malibu Life Re), a licensed life and annuity reinsurer based in the Cayman Islands


01/05/2024

Investment grade debt allocations among insurance CIOs have surged back to 56.6% of total assets, from 48.5% in 2021, according to KKR’s latest report into the global insurance market


01/05/2024

Finnish pension insurance provider, Elo, made a €1bn investment return, equivalent to 3.3%, in the first quarter of 2024


01/05/2024

Risks in the European Union’s financial system “remain elevated” the three European Supervisory Authorities (EBA, EIOPA and ESMA - the ESAs) have said


01/05/2024

Varma has seen its assets under management hit €60bn for the first time


01/05/2024

British liability-driven investment (LDI) funds in Ireland and Luxembourg will need to be able to resist a rise in GBP yields of at least 300 basis points, under new restrictions from EU financial markets regulator, the European Securities and Markets Authority (ESMA)


01/05/2024

It is “entirely possible” for well-funded smaller pension schemes to complete both a buy-in and a full wind-up within two years with the right preperation, Cartwright director of administration, Julie Yates, has said


01/05/2024

The prevalence of ‘mega deals’ and “dramatic” growth in small-scheme transactions drove the record-breaking year in the bulk annuity market in 2023, according to Aon


29/04/2024

Zurich has confirmed its “outstanding” financial strength in its latest Financial Condition Report 2023, despite its SST ratio falling


29/04/2024

A global investor-led engagement initiative has revealed a set of benchmark indicators for assessing corporate action on nature


29/04/2024

Latest moves at Royal London Asset Management and Aviva Investors....


29/04/2024

Legal & General (L&G) has completed a £16m buy-in with the John Graham (Dromore) Limited Pension and Life Assurance Scheme, securing the benefits of 172 retirees and deferred members


26/04/2024

UK BPA firms will be stress tested on the use of funded reinsurance


26/04/2024

Skandia has appointed Per Lindgren as head of asset management as of 1 June


25/04/2024

Japan’s life insurers plan to halve net purchases of Japanese government bonds in fiscal 2024, a Nikkei survey has revealed


25/04/2024

German non-life insurers’ net investment income decreased to €4bn in 2023 from €6bn in 2014 despite investments increasing by more than a third over the period, latest figures published by Fitch Ratings has revealed


25/04/2024

The United Nations Environment Programme (UNEP) has announced the creation of the Forum for Insurance Transition to Net Zero (FIT), a new UN-led and convened structured dialogue and multistakeholder forum to support the necessary acceleration and scaling up of voluntary climate action by the insurance industry and key stakeholders


24/04/2024

Zurich has appointed Danielle Brassel as its new head of responsible investment following Johanna Köb’s decision to step down due to long-Covid


24/04/2024

Pension Insurance Corporation (PIC) has launched a streamlined service designed to support small pension schemes (with assets less than £100m) looking to complete buyout


24/04/2024

Buy-in and buyout volumes reached £28bn in the second half of 2023, marking a nearly 74% increase on the £16bn of transactions recorded in the same period in 2022, analysis from Hymans Robertson has revealed


24/04/2024

The Lexmark Pension Plan has secured a £46m buy-in with Canada Life, securing the benefits of all 177 scheme members, including 93 pensioners and 84 deferred members


23/04/2024

More than 85% of US institutional investors now work with an investment consultant, up from around 66% in 2014, Coalition Greenwich has revealed


23/04/2024

LV= has completed its transition of asset management services to BlackRock


23/04/2024

The vast majority (96%) of institutional investors and wealth managers plan to increase their exposure to Vietnam over the next three years, with the majority favouring active strategies over index-tracking vehicles, new research from Dragon Capital has revealed


23/04/2024

The speed of deployment is the biggest obstacle to investing in renewable infrastructure for UK insurers and pension funds, a survey commissioned by AlphaReal has revealed


22/04/2024

The aggregate market capitalisation (MCap) of the top 25 global insurers grew 8.3% to $3.02trn on a quarter-on-quarter (QoQ) basis during Q1 ended on 32 March 2024, GlobalData has revealed


19/04/2024

MAPFRE has appointed Juan Bernal as group chief investment officer, with effect from 1 May


19/04/2024

Some of the UK’s largest investment, insurance, and pension firms, have today backed a new report calling on whoever forms the next government to use the first 100 days in office to deliver a series of reforms that can trigger a major boost to investment in green projects


19/04/2024

AllianceBernstein has announced that Geoff Cornell will join the firm as the chief investment officer (CIO) of insurance


18/04/2024

Nordea Life & Pension’s (L&P) gross written premiums reached a “record high” in the first quarter (Q1) of 2024, rising from €2.3bn a year ago to €3.1bn, its interim results have revealed


18/04/2024

The UN-convened Net-Zero Asset Owner Alliance (NZAOA) has released the fourth edition of the Target-Setting Protocol, which now covers all private assets and will govern the next five years up to the critical milestone of halving emissions by 2030


18/04/2024

Scottish Widows has appointed Eva Cairns as head of responsible investment and stewardship


17/04/2024

SimCorp has entered into a new business partnership with Quoniam Asset Management (Quoniam) to transform the latter’s investment management operations


17/04/2024

The European Insurance and Occupational Pensions Authority (EIOPA), the European Banking Authority (EBA) and the European Central Bank (ECB) have set up an alliance for common governance and collaboration in developing and maintaining the Data Point Model (DPM) Standards


16/04/2024

European life insurance liabilities (excluding CSM) under IFRS 17 were on average 2.5% lower than the corresponding Solvency II technical provisions, latest research by EIOPA has shown


16/04/2024

The Epson Telford Limited Pension & Life Assurance Scheme has completed a £50m full scheme buy-in with Pension Insurance Corporation (PIC), securing the benefits of 368 pensioners and 493 deferred members.


16/04/2024

R+V Versicherung has reduced its CO2 footprint in investments by more than 20% in the past four years


15/04/2024

Swiss Life has successfully placed three tranches of senior bonds totalling CHF 600m


15/04/2024

US investment grade and European investment grade fixed income assets are likely to be the biggest beneficiaries of institutional investors and wealth managers increasing their exposure to fixed income, new research from Managing Partners Group (MPG) has revealed


12/04/2024

The global insurance sector’s work in protecting both people and the planet is an ‘abject failure’, ShareAction has argued


12/04/2024

Environmental, social and governance (ESG) initiatives by companies and investors may not be delivering meaningful change due to poor quality engagement, an asset manager has warned


12/04/2024

Broadstone has acquired credit risk and data analytics consultancy Vestigo Partners Limited in an effort to boost its credit risk and analytics capabilities


11/04/2024

Japanese life insurer Nippon Life has announced that its Singapore-based Asia Pacific subsidiary will establish a new subsidiary in Mumbai, India


11/04/2024

Allianz Global Investors (AllianzGI) has announced that it will vote against Woodside Energy’s climate transition action plan as well as the election of the chair of the board


11/04/2024

Lucite International UK Pension Fund has completed a £130m buy-in with Just Group, securing the benefits of 438 uninsured members, including 156 pensioners and dependants and 282 deferred members


10/04/2024

Aviva has launched a streamlined bulk purchase annuity (BPA) service designed specifically to support market access for smaller schemes, typically with assets of less than £100m


10/04/2024

Swiss Life Asset Managers (SLAM) has entered a joint venture with True North Management to invest in the UK co-living sector


10/04/2024

Legal & General Investment Management (LGIM) has appointed April Miriam Uebel to the role of deputy head of Europe, institutional


09/04/2024

Around 45% of European asset managers have already implemented AI solutions or are actively developing applications, research from Coalition Greenwich has revealed


09/04/2024

The US life/annuity (L/A) industry posted a 5.7% decline in net income to $37.6bn in 2023, which included $15bn of net realised capital losses, according to AM Best


09/04/2024

The market for Dutch green securitisations of residential mortgages and for green covered bonds more than tripled in size in 2023 compared to 2022, DNB figures have shown, reflecting investor demand for green investments


08/04/2024

Institutional investors rank second only to banks as the primary source of funding for micro, small and medium-sized enterprises (MSMEs), according to a new survey by Tradeteq


08/04/2024

The Epson (UK) Limited Pension Scheme has completed a £60m buy-in with Just Group, securing the benefits of 113 pensioners and 289 deferred members


08/04/2024

Rothesay Life generated adjusted operating profits of £1.4bn in 2023, the group has reported in its latest trading update


04/04/2024

The European Insurance and Occupational Pensions Authority (EIOPA) has published its supervisory statement on the supervision of reinsurance concluded with third-country reinsurers


04/04/2024

Generali has completed the acquisition of Conning Holdings Limited (CHL) and its affiliates from Cathay Life, a subsidiary of Cathay Financial Holdings, as announced on 6 July 2023


04/04/2024

Resolution Life has announced that Resolution Life Australasia, its trans-Tasman life insurer, has entered into an agreement with Suncorp Group to acquire its New Zealand life insurance company, Asteron Life New Zealand (Asteron Life) for NZ$410m


03/04/2024

The Energizer UK Pension Plan has completed a £44m full buy-in deal with Just Group, securing the benefits of all scheme members, including 409 pensioners and 358 deferred members


03/04/2024

The trustee of the Riverstone Management Pension and Life Assurance Plan has completed a £95m full buy-in with Standard Life, securing the benefits of all 388 members in the scheme


03/04/2024

Latest appointments at Muzinich & Co., Vontobel and Swiss Re...


02/04/2024

EIOPA has today launched its 2024 Insurance Stress Test exercise in which it is probing European insurers’ resilience to re-intensification or prolongation of geopolitical tensions and its wide-ranging economic and financial market consequences


02/04/2024

PIC has concluded a £870m full buy-in of the De Beers UK Pension Scheme, securing the pensions of both deferred and pensioner members of the scheme


02/04/2024

Global insurers expect US equities and private credit to deliver the highest total returns in the next 12 months, Goldman Sachs Asset Management’s latest insurance survey has revealed


02/04/2024

BNP Paribas Asset Management (BNPP AM) has appointed Alaa Bushehri as head of emerging markets debt (EMD)


02/04/2024

The Indonesian life insurance industry is forecast to grow at a compound annual growth rate (CAGR) of 3.8% over 2024-2028, from IDR161.3trn ($10.5bn) in 2024 to IDR187.2trn ($12.1bn) in 2028, in terms of GWP, according to GlobalData


28/03/2024

The Bank of England (BoE) has welcomed progress in improving the level of resilience in liability-driven investment (LDI) funds, while its Systemic Risk Survey has revealed improved confidence in the stability of the UK financial system


28/03/2024

PIC’s investment portfolio rose to £46.8bn in 2023, up from £41.2bn a year earlier, its latest financial results have shown


28/03/2024

The Standard Group UK Pension Scheme has completed a £26m buyout with Just Group, with surplus assets distributed to the sponsor and membership following the deal


28/03/2024

More than three quarters (78%) of institutional investors and wealth managers will increase allocations to illiquid assets over the next five years with 10% making dramatic increases, new research from Managing Partners Group (MPG) has revealed


27/02/2024

The Robertson Research Group Pension Scheme has completed a £45m full scheme buy-in with Aviva, securing the benefits of 217 pensioners and 232 deferred members


27/03/2024

The UK pension risk transfer market completed a “staggering” £49.1bn of buy-ins and buyouts in 2023, breaking the previous £43.8bn set in 2019, analysis from LCP has revealed


26/03/2024

Nippon Life has invested 20bn yen in Nissay Foreign Equity Climate and Nature Transition Strategy Fund, managed by Nissay Asset Management Corporation


26/03/2024

The trustee of the 2013 Next Group Pension Plan has completed a £510m full scheme buy-in deal with Pension Insurance Cooperation (PIC), fully insuring the pension liabilities of over 3,600 pensioners and deferred policyholders


25/03/2024

RGA Life Reinsurance Company of Canada (RGA Canada), a subsidiary of Reinsurance Group of America (RGA), and The Manufacturers Life Insurance Company (Manulife), a subsidiary of Manulife Financial Corporation, have announced the completion of the largest universal life reinsurance transaction in the Canadian market to date


25/03/2024

The average annual rate of return on investments for all Chinese insurers, excluding unrealised gains, declined by 1.53 percentage points from 2022, to 2.23% in 2023, Fitch Ratings has said


25/03/2024

Over half (53%) of large defined benefit (DB) pension schemes are planning to implement a buy-in or buyout, according to research by Legal & General (L&G), in partnership with the Centre of Economics and Business Research (CEBR)


25/03/2024

Ping An has recorded a 3% total investment return for 2023, mainly due to a balanced asset allocation strategy and a year-on-year improvement in the performance of equity assets


22/02/2024

Total US P&C net premiums written rose 11.2% to $852.92bn in 2023, according to AM Best


22/03/2024

Lloyd's of London has selected US asset manager, Payden & Rygel, to manage a newly launched US fixed income fund


22/03/2024

An updated version of the Net Zero Investment Framework (NZIF) is now open for consultation until 24 April, the Institutional Investors Group on Climate Change (IIGCC) has highlighted


22/03/2024

Reinsurance Group of America (RGA) has reached an agreement with Japan Post Insurance Company for an RGA affiliate to reinsure an approximately JPY 700bn in-force block of individual life annuities through coinsurance


21/03/2024

Aviva Investors has expanded the responsible investment team within its real assets unit with the appointments of Phillipa Grant, Elizabeth Ortiz and Jeremy Ho


21/03/2024

M&G has agreed its third bulk purchase annuity (BPA) deal since re-entering the market in 2023, signing a £309m premium on 15 March 2024


21/03/2024

German insurers are calling for more ambition in the further development of the Capital Markets Union (CMU)


21/03/2024

Zurich has launched its first European Long-Term Investment Fund (ELTIF 2.01), aimed at providing individual investors and life insurance customers with access to opportunities in the desirable asset class of private debt, traditionally only available to professional investors


21/03/2024

Aon has launched an enhanced responsible investment solution, RI-360i, which provides institutional investors with better insights into their portfolios and enables them to make better decisions


20/03/2024

Legal & General Retirement America (LGRA) and Reinsurance Group of America (RGA) have completed a pension risk transfer (PRT) transaction with FirstEnergy, one of the nation’s largest investor-owned electric utilities, for approximately $700m


20/03/2024

Ninety-five per cent of Mapfre’s global investment portfolio is to be qualified in line with ESG criteria, the insurer has said in its Strategic Plan 2024-2026


19/03/2024

AM Best’s ratings of (re)insurers in Europe, the Middle East and Africa (EMEA) have begun to stabilise following tough market conditions in 2022


19/03/2024

Traditional asset managers could face an increasingly challenging marketplace in Japan as asset owners slow expectations for manager hiring and shift allocations in the direction of alternative and private assets, Coalition Greenwich has said


18/03/2024

Bulk annuity insurers have continued to "up their game" on responsible investment practices and climate risk management, according to LCP’s third responsible investment review


18/03/2024

The Indonesian general insurance industry is set to grow at a compound annual growth rate (CAGR) of 11.3% from IDR110.94trn ($7.3bn) in 2024 to IDR170.39trn ($11.5bn) in 2028, in terms of gross written premiums (GWP), GlobalData has forecast


18/03/2024

The board of directors of the Finnish pension insurance company, Elo, has approved a new Responsibility Programme


14/03/2024

UK institutional investors are forecasting a growing focus on real estate development finance with debt allocations to the sector set to expand over the next three years, research by responsible investment manager Downing has found


14/03/2024

The pension scheme for an unnamed engineering and construction company has agreed a £37m buyout with Just Group, securing the retirement benefits of 34 pensioners and 132 deferred members


13/03/2024

Almost £1trn of UK pension scheme liabilities will have been covered by insurers through bulk purchase annuity (BPA) deals by the early 2030s, with £50bn a year becoming the new normal, Hymans Robertson has predicted


13/03/2024

The trustee of the Ockham Pension Scheme has completed a £110m buy-in with Just Group, securing the benefits of around 700 members in the scheme


13/03/2024

Rothesay has agreed to acquire Scottish Widows’ in-force bulk annuity portfolio of around £6bn from Lloyds Banking Group


12/03/2024

US institutional investors are diverging from investors in Europe, Asia and even Canada when it comes to ESG investing, Coalition Greenwich has said


12/03/2024

The total market value of all assets in the Austrian insurance industry stood at €106.12bn at the end of 2023, 3.37% or €3.46bn more than the corresponding value at year-end 2022, according to latest figures published by the Austrian Financial Market Authority (FMA)


12/03/2024

Almost half (45%) of global insurers are very concerned about the current level of greenwashing when it comes to investing, a study from Ortec Finance has revealed


12/03/2024

The total volume of defined benefit (DB) pension scheme buy-ins and buyouts hit an all-time high in 2023, with both the number and value of transactions secured the highest ever recorded, Hymans Robertson has revealed


11/03/2024

Credit rating downgrades on US property/casualty insurance companies rose to 55 in 2023 compared with 30 in the previous year given the challenging conditions in the personal lines segment, according to AM Best


11/03/2024

Hong Kong’s general insurance industry is set to grow at a compound annual growth rate (CAGR) of 6.3% from $8.6bn in 2024 to $10.9bn in 2028, in terms of GWP, GlobalData has said


11/03/2024

Dutch insurers are continuing to invest less in bonds, with €1.5bn bond sales recorded in 2023, new figures published by DNB have shown


08/03/2024

UK life insurer, Royal London, has entered the market for corporate pension scheme insurance with a so-called bulk annuity deal for Royal Liver UK pension scheme


07/03/2024

Singapore insurer, MSIG Singapore, has selected Clearwater Analytics to power its investment data management, portfolio analytics, and investment reporting operations


07/03/2024

Aviva has announced a £300m share buyback after strong performance in general and health insurance helped the insurer to a 9% rise in 2023 operating profit


07/03/2024

Prudential Financial and Reinsurance Group of America (RGA) have been selected in a pension risk transfer involving Verizon Communications worth $5.9bn


07/03/2024

Three defined benefit (DB) pension schemes previously sponsored by Thomas Cook Group have completed full-scheme buy-ins with Pension Insurance Corporation (PIC) for a total of £50m


06/03/2024

L&G saw its earnings slump last year despite achieving record new volumes across its insurance divisions


06/03/2024

Phoenix Group has had its proposals accepted to invest into The Long-term Investment for Technology and Sciences (LIFTS), subject to internal governance processes


06/03/2024

NN Group has priced €750m of perpetual subordinated restricted Tier 1 securities


05/03/2024

Hiscox has recorded a record pre-tax profit of $625.9m (£493.8m) for 2023, up from $275.6m (£217.4m) in 2022


05/03/2024

Allianz has completed the acquisition of Tua Assicurazioni S.p.A. from Assicurazioni Generali S.p.A. for a consideration of €280m


04/03/2024

The Greenhous Group (2015) Retirement Benefits Scheme has completed a £19m full buy-in deal with Just Group


04/03/2024

The European insurance sector’s exposure to the rising risks of commercial real estate (CRE) is low, at about 4% of assets, with most insurers facing minimal risk to capital or ratings from falling CRE valuations, Fitch Ratings has said


04/03/2024

Aviva has agreed to acquire global property & casualty insurance firm, Probitas, for £242m, taking it back into the Lloyd’s insurance market for the first time in over 20 years


04/03/2024

New Zealand’s general insurance industry is set to grow at a compound annual growth rate (CAGR) of 7.3% from NZD9.7bn ($5.8bn) in 2024 to NZD12.9bn ($7.6bn) in 2028, in terms of GWP, GlobalData has forecast


04/03/2024

Varma has completed its minority stake acquisition in ESL Shipping, a dry bulk and project cargo carrier


29/02/2024

Environmental, social and governance (ESG) investment regulations around the world are expected to experience a period of stronger enforcement over the next few years rather than additional regulation, Morningstar Indexes global head of ESG solutions, Catalina Secreteanu, has said


29/02/2024

Insurers are boosting spending on scenario modelling, optimisation and testing in the face of rising investment complexity and challenges for the industry, a new global study among investment management professionals in life insurers, London markets (re)insurers and investment managers who support insurers, has shown


29/02/2024

Aviva Investors has appointed Michael Leonard as head of insurance solutions


28/02/2024

The UK life sector’s use of funded reinsurance (‘funded re’) to support bulk annuity business is likely to stay below 30% of bulk annuity premiums in 2024-2026, Fitch Ratings has said


28/02/2024

The number of private equity and venture capital deals in the global insurance sector dropped in 2023 as investors took a pause amid high interest rates, S&P Global Market Intelligence has revealed


28/02/2024

Ageas is considering making a £3.1bn offer for Direct Line


27/02/2024

Global institutional investors are expected to rapidly increase allocations to structured finance and securitisations over the next two years despite concerns about regulation in the sector, new research from Ocorian has shown


27/02/2024

An increasing number of US insurers are relying on outside asset managers to handle a portion of their investment portfolios, according to AM Best


26/02/2024

Global insurance M&A activity ended at a ten-year low of 346 deals in 2023, according to Clyde & Co’s Insurance Growth Report 2024


26/02/2024

Legal & General is estimating the full year US PRT total market volume to be around $45bn, the second largest on record behind the $51.9bn secured with insurers in 2022


26/02/2024

The European Insurance and Occupational Pensions Authority (EIOPA) has launched a call for expression of interest to select new members of the Insurance and Reinsurance Stakeholder Group (IRSG) and the Occupational Pensions Stakeholder Group (OPSG)


22/02/2024

The NAIC does not anticipate developing regulatory policy to require or prohibit insurance companies from adopting ESG policies that govern insurers’ underwriting, investing, or other business decisions, its members have said in a statement


22/02/2024

Zurich’s group business operating profit (BOP) is up 21% to a record US$7.4bn, and the insurer has recorded its highest ever return on equity (RoE) at 23.1%


22/02/2024

Canada Life’s individual annuity sales increased by 121% year-on-year in 2023, its annual full-year results have shown


21/02/2024

Rated European insurers will step up their issuance of Restricted Tier 1 (RT1) bonds over the next two years to replace almost €22bn of bonds that are due to lose their eligibility as regulatory capital under Solvency II, Moody’s has said


21/02/2024

The implementation of a more stringent risk measurement under the Korean-Insurance Capital Standards (K-ICS) a year ago has led to a decline in the average solvency ratio for South Korea’s insurance industry, according to AM Best


21/02/2024

The Spar UK Limited Pension Fund has completed an £11m buy-in deal with Just Group


21/02/2024

Mutual pension insurance company, Ilmarinen, made a return of 5.8% in 2023, equivalent to €3.3bn, it has revealed


21/02/2024

Finnish pension insurer, Veritas, has seen its premium income increase by 4% from the previous year, to €724m


20/2/2024

Gresham House has announced the launch of a new biodiversity fund, which aims to raise $380m (£301.8m), tying investment results to demand for 'biodiversity credits' in England


20/02/2024

Sweden’s Skandia Liv has reported a return of 5.4% in 2023, a significant improvement on 2022’s -5.1% return


20/02/2024

Finnish pension insurance company, Elo, made a return on investments of 6% in 2023


19/02/2024

AM Best has downgraded the Financial Strength Rating to C- (Weak) from B (Fair) and the Long-Term Issuer Credit Rating to “ccc-” (Weak) from “bb” (Fair) of 777 Re


19/02/2024

Gita Salden has been appointed to the executive board of De Nederlandsche Bank (DNB) with effect from 1 June 2024


19/02/2024

PIC has completed a further £30m debt investment in Apex Housing Association, following an initial investment of £100m with Apex completed in 2021


19/02/2024

The Association of British Insurers’ (ABI) Investment Delivery Forum has published a report outlining the steps that could help accelerate private sector green infrastructure investment


19/02/2024

A record-breaking £50bn of pension liabilities were secured with insurers in the UK in 2023, with further increases expected in the year ahead, analysis from Legal & General (L&G) has found


16/02/2024

Finnish pension company Varma returned 6% on its investments in 2023, its annual financial statement has revealed


16/02/2024

Warwick Re has expanded its market presence through an annuity reinsurance transaction with a US life insurer


16/02/2024

Last year was a “milestone year” for annuities, as total sales increased 46% to £5.2bn, data from the Association for British Insurers (ABI) has revealed


15/02/2024

Vector Pension Scheme has concluded a £114m buy-in deal with Standard Life, covering approximately 1,800 scheme members


14/02/204

American International Group (AIG) has beaten expectations for Q4 profit, driven by higher investment returns at its general insurance arm


14/02/2024

The UK’s headline rate of inflation remained at 4% in the year to January, a level unchanged from the rate in the 12 months to December 2023


14/02/2024

Nearly one third (30%) of US institutional investors are investing in strategies that support transition to a carbon-neutral economy, Cerulli has said, and another 36% plan to over the next 12 months


14/02/2024

The Birmingham Chamber of Commerce Pension Fund has agreed a £9m full scheme buy-in with Just Group, covering retirement benefits for around 100 pensioners and 40 deferred members


13/02/2024

The Bank of England (BoE) is planning to stress test insurers concerning their exposure to reinsurers through a flurry of corporate pension deals, as concerns grow about the risk posed by offshore arrangements to UK retirement savers


13/02/2024

Asset managers are to begin downplaying the abbreviation ESG in favour of similar, “but less controversial” terms like “stewardship”, Coalition Greenwich has said


12/02/2024

Sumitomo Life has joined the ‘Spring’ and the ‘NA100’, international initiatives that conduct collaborative engagement activities to address biodiversity conservation and restoration


12/02/2024

Companies that have been in dialogue with investors are more than twice as likely to disclose their sustainability data than unengaged firms, the CDP’s Non-Disclosure Campaign (NDC) results report has shown


09/02/2024

EU Member States have failed to finalise the adoption of the Corporate Sustainability Due Diligence Directive (CSDDD)


09/02/2024

Talanx Group generated a record profit of €1,581m in financial year 2023, clearly surpassing the original annual target of around €1.4bn


09/02/2024

The UK’s Competition and Markets Authority (CMA) has launched an investigation into Aviva’s £460m acquisition of AIG’s life insurance business, amid concerns the deal could result in a “substantial lessening of competition”


08/02/2024

US insurance companies reported $ 534bn in BACV of other long-term invested assets on Schedule BA, an increase of 2.3% compared to the prior year, according to the NAIC


08/02/2024

Prudential Financial has closed a pension risk transfer transaction with Shell USA for $4.9bn in pension obligations covering a block of around 21,500 of the company’s US retirees


07/02/2024

EU States and the European Parliament have struck a deal for the bloc’s first ever set of rules to regulate ESG ratings of company sustainability credentials


07/02/2024

Professional investors including insurance asset managers, family offices, pension funds and wealth managers are united in the view that a stock market correction is coming in the next 12 months, new research from Managing Partners Group (MPG) has shown


06/02/2024

France’s largest reinsurer, Caisse Central de Réassurance (CCR), has chosen Clearwater Analytics to power its entire investment management processes and streamline its unlisted assets workflow


06/02/2024

The UN-convened Net-Zero Asset Owner Alliance (NZAOA) has launched a call to action, sending a clear message to the asset management industry that serving asset owner clients is only possible through climate stewardship


06/02/2024

Tougher minimum equity requirements for Indonesian insurers are likely to reduce the number of companies operating in the sector and encourage a healthier competitive landscape, Fitch Ratings has said


06/02/2024

Several European financial associations have written to the European Commission to call for better coordination in the review and publication of new rules for the Sustainable Finance Disclosure Regulation (SFDR)


05/02/2024

AXA IM has appointed Thomas Coudert as head of sustainability, core investments, effective immediately


05/02/2024

European insurers' exposure to market risk is currently at a high level and the main concern for the sector, with ESG risks remaining at a medium level, EIOPA’s latest Insurance Risk Dashboard has revealed


05/02/2024

AXA has successfully placed €1.5bn of Reg S perpetual deeply subordinated notes with institutional investors


05/02/2024

The DAS Legal Expenses Insurance Company Limited Pension and Life Assurance Scheme has completed a £72m full scheme buy-in transaction with Canada Life, securing the benefits of 444 deferred members and 134 pensioners


02/02/2024

Investors are currently divided on the impact of post-Brexit Solvency II reforms on UK insurers’ credit quality, Fitch Ratings has said


02/02/2024

Baloise is optimising a run-off life insurance portfolio in Belgium by entering into a reinsurance transaction with RGA International, a subsidiary of Reinsurance Group of America, Incorporated


01/02/2024

The Bank of England (BoE) has opted to keep its base rate at 5.25%, the fourth time in a row the central bank has held interest rates


01/02/2024

Phoenix Group delivered about £1.5bn of new business long-term cash generation in 2023, hitting its 2025 target two years early and driving a rally in its shares


01/02/2024

Resolution Life has announced that its Bermudian reinsurance platform, Resolution Re, has entered into a flow reinsurance agreement with a Japanese insurer


01/02/2024

MEDVIDA Partners has completed its acquisition of Metrópolis’ life insurance portfolio


31/01/2024

The Vietnamese general insurance industry is set to grow at a compound annual growth rate (CAGR) of 6.7% from VND 71.1trn ($3bn) in 2023 to VND 98.3trn ($3.9bn) in 2028, in terms of gross written premiums (GWP), GlobalData has forecast


31/01/2024

Pursuant to collateral disclosures held under securities lending agreements, US insurers’ exposure to securities associated with securities lend totalled around $51.6bn in BACV at year-end 2022 and represented an 11% decrease from $58.2bn at year-end 2021, according to the NAIC


31/01/2024

Folksamgruppen has earmarked an additional SEK 100m when the UN agency International Fund for Agricultural Development (IFAD) issues a new bond


30/01/2024

Skandia has invested SEK 900m in a sustainable bond to fight hunger and poverty, issued by the International Fund for Agricultural Development, IFAD


30/01/2024

The pension scheme of a ‘leading’ UK innovation and technology company has completed a £400m full scheme buy-in with Just Group


30/01/2024

Twenty UK insurers, pension funds and advisers have signed up as founding signatories to the Sustainability Principles Charter, which aims to promote greater transparency, reporting and engagement around sustainability in the bulk annuity process


30/01/2024

Seventy-nine per cent of insurance investment professionals have increased their allocation to inflation linked bonds over the past 12 months, a new global study by Ortec Finance has revealed


30/01/2024

Zurich has been informed that Viridium Group will not complete the purchase of Zurich Life Legacy in Germany as planned


29/01/2024

Chinese insurance companies generally improved their risk management performance in 2023, China’s National Financial Regulatory Administration (NFRA) has revealed


26/01/2024

The Bermuda Monetary Authority (BMA) has published its 2024 Business Plan, detailing initiatives and projects to achieve positive outcomes and strengthen the country’s regulatory framework for the upcoming year


26/01/2024

CNP Assurances has become a partner of the Nature Impact Initiative launched by WWF France to finance sustainable conservation, restoration and management projects for forests with high biodiversity value in metropolitan France


26/01/2024

The Rexam Pension Plan has completed a £1.4bn full scheme buy-in with Rothesay securing the benefits for over 14,000 members, including 9,790 pensioners and dependants, and 4,330 deferred members


25/01/2024

The Institutional Investors Group on Climate Change (IIGCC) has argued that information on the scope 3 emissions is "vital" for investors looking to credibly decarbonise, despite ongoing measurement and aggregation challenges


25/01/2024

Schroders Greencoat has announced a £700m deal to acquire the largest operational solar portfolio traded in the UK


24/01/2024

EIOPA has published a comparative study looking at diversification in the internal models of insurers and found that different models for the aggregation of risks lead to a sizeable dispersion in the capital requirements even for undertakings with similar business profiles


24/01/2024

Eighty-nine per cent of US insurance investment professionals think the benefits of implementing AI in the investment process outweigh the risks, according to a survey sponsored by Conning


24/01/2024

More than 40% of US and Canadian institutional investors plan to increase allocations to private debt in the next three years and roughly a third plan to grow their private equity holding overall, new research from Coalition Greenwich has shown


24/01/2024

The iPSL Section of the Unisys Payment Services Limited Pension Scheme and the Unisys Public Sector Pension Scheme have completed a £300m full scheme buy-in with Standard Life, covering the retirement benefits of around 2,400 scheme members


24/01/2024

HM Treasury has extended the Transition Plan Taskforce's (TPT) mandate until at least 31 July 2024, with potential for a further extension of three months to the end of October 2024, in order to support the Transition Finance Market Review (TFMR)


24/01/2024

Investment managers should be focusing on real-world carbon emission reductions to help meet global net-zero 2050 targets, LCP has stated


23/01/2024

Macquarie Asset Management has announced that over €8bn has been committed to the Macquarie European Infrastructure Fund 7 (MEIF7), having attracted commitments from more than 100 insurance companies, pension funds, sovereign wealth funds, asset managers and fund of fund investors


23/01/2024

Dai-ichi Life has decided to participate in “Spring”, a new collaborative engagement initiative on biodiversity launched by the PRI


23/01/2024

Ninety per cent of UK insurers and pension funds plan to increase their allocation to renewable energy in the next 12 months, while the remaining 10% said they might make increases, according to research commissioned by Alpha Real Capital


22/01/2024

Folksam Group has become the sole investor of SEK 400m in a green bond issued by Region Skåne to develop care and infrastructure in the region


22/01/2024

The UK DB pensions market is likely to see £80bn in pension de-risking transactions take place in 2024, as the settlement market continues to hot up following significant improvements in pension scheme funding seen in 2023, WTW has said


19/01/2024

Assets under management in the European ETF industry increased over the course of 2023 and reached a new all-time-high at €1,563.5bn, according to LSEG Lipper


19/01/2024

UK investors including life insurers are primed to invest in the country’s infrastructure, but there “simply aren’t enough projects to meet investor demand”, PIC managing director, corporate affairs, Jeremy Apfel, has stated


19/01/2024

The total value of new defined benefit (DB) de-risking deals completed by Just Group increased by 21 per cent year-on-year in 2023, its latest business update has revealed


18/01/2024

The majority (73%) of insurance investment management professionals believe the main reason for choosing to increase allocations to alternative asset classes over the next three years is greater transparency and reporting, according to a new survey from Ortec Finance.


18/01/2024

The aggregate market capitalisation (McAP) of the top 25 global insurers grew by 2.7% to $2.79trn QoQ during Q4 ended on 31 December 2023, GlobalData has said.


18/01/2024

Hong Kong’s life insurance industry is forecast to grow at a compound annual growth rate of 4.1% over 2024-28, from HKD459.9bn ($58.7bn) in 2024 to HKD539.1bn ($68.8bn) in 2028, in terms of direct written premiums, according to GlobalData


17/01/2024

UK insurers are now estimated to represent 85% of the £5bn-£6bn institutional market for commercial ground rents, according to AlphaReal


17/01/2024

The Institutional Investors Group on Climate Change (IIGCC) has published its net-zero voting guidance to support asset owners and managers in developing their net-zero voting policies and practices


17/01/2024

Selecting measurable targets and benefits including achieving net-zero carbon emissions by 2050 is the main ESG driver for investing in renewable energy among UK insurers and pension funds, a survey commissioned by AlphaReal has revealed


17/01/2024

A total of 320 organisations across more than 46 countries have committed to making nature-related disclosures based on the Taskforce on Nature-related Financial Disclosures (TNFD) Recommendations


16/01/2024

Resolution Re has announced that it has completed a transaction which has reinsured the market and longevity risks of around 90,000 policyholders, totalling around £2bn individual in-payment UK annuity liabilities.


16/01/2024

Meiji Yasuda Life Insurance is to wait until yield rise on Japan’s super-long sovereign bonds before it starts buying them again


16/01/2024

Korea Post Insurance has sent out a request for proposals (RFP) for an overseas private equity and private debt mandate of an undisclosed size


16/01/2023

The Guilbert UK Retirement Benefits Plan has completed a £140m full scheme buy-in transaction with Aviva, insuring the liabilities for all 1,500 scheme members


16/01/2023

Volatile markets will drive 94% of global institutional investors and wealth managers to increase investment in active fixed income funds over the next two years, as they seek to manage risk and drive returns, new global research from Aeon Investments has revealed


15/01/2024

MAPFRE is to reduce the intensity of greenhouse gas (scope 1 and 2) emissions by 43% in the group’s investment portfolio by 2030


15/01/2024

UNIQA has become the only Austrian insurance company to receive a seal of approval for its 1.5°C interim targets from the Science Based Targets initiative (SBTi)


15/01/2024

India’s insurers have been granted permission by the country’s regulator, IRDAI, to invest in infrastructure debt funds (IDF) of non-banking finance companies (NBFCs)


15/01/2024

Aviva Investors has appointed Kunal Kothari to its UK equity team as co-portfolio manager, UK equity income


15/01/2024

Dutch insurers’ high-yield (HY) bond exposures appear to have peaked well below levels that would pose a risk to ratings, Fitch Ratings has said


12/01/2024

BlackRock is to buy Global Infrastructure Partners (GIP) for $12.5bn


12/01/2024

India's HDFC Life Insurance Company has reported an almost 16% rise in Q3 profit, aided by higher investment income as premium growth moderated


11/01/2024

Voya Investment Management (Voya IM) CEO Christine Hurtsellers has announced plans to retire in 2024, with Matt Toms, global chief investment officer succeeding her immediately


11/01/2024

Generali has signed an agreement for the acquisition of 51% of Generali China Insurance Company for a consideration of around €99m.


11/01/2023

Almost nine in ten (88%) global equity and emerging market investors believe investing in Vietnam will become more attractive over the next five years, with 23% predicting its attractiveness will increase dramatically, according to new research from Dragon Capital


10/01/2024

Nippon Life has registered as a ‘TNFD Adopter’, adopting the disclosure recommendations which were finalised by the TNFD in September 2023


10/01/2024

Generali places two new euro dominated senior bonds


09/01/2024

A study by ShareAction examining how often asset managers vote in accordance with climate goals has singled out BlackRock and State Street for consistently blocking green resolutions


09/01/2024

Japanese life insurer, Meiji Yasuda Life Insurance, has outlined plans to allocate around JPY600bn into both domestic and international private assets over a forthcoming three-year period


09/01/2024

Impax Asset Management (Impax) has entered into an agreement to acquire the assets of Absalon Corporate Credit (Absalon), a fixed income manager, the completion of which is subject to certain closing conditions


08/01/2024

China’s insurance industry has a new ESG voluntary guide


08/01/2024

Just Group has completed a £1.5m full pension scheme buy-in transaction for the trustees of Intersil Limited Superannuation Fund


08/01/2024

Athora Italia has received €200m through a capital injection from its shareholder Athora Holding


08/01/2024

The global reinsurance industry demonstrated a significant recovery of prior-year capital losses in 2023, driven by strong technical results, unrealised capital gains and higher reinvestment rates, according to AM Best


04/01/2024

Franklin Templeton has announced the completion of its acquisition of Putnam Investments from Great-West Lifeco (Great-West)


04/01/2024

Pan-American Life Insurance Company (PALIC) has completed the acquisition and merger of Encova Life Insurance Company (Encova Life)


04/01/2024

Half of UK institutional investors strongly agree that institutional investment is central to delivering UK residential property building targets, new research published by Downing LLP has found


04/01/2024

The CP Pharmaceuticals Limited Pension Scheme has secured a £28m full buy-in with Just Group, securing the benefits of all 317 previously uninsured scheme members


03/01/2024

The UK life insurance sector is the only sector in Europe with an improving outlook for 2024, Fitch Ratings has said, due to the prospect of “strong profitable growth in pension risk transfers”


03/01/2024

Total assets of Chinese insurance companies amounted to RMB 29.6trn at the end of Q3 2023, an increase of RMB 2.4trn and up by 9% from the beginning of the year, according to latest figures published by the country’s National Financial Regulatory Administration (NFRA)


03/01/2024

Berkshire’s statutory short-term investment holdings have hit $98.45bn, according to latest S&P Global Market Intelligence analysis


03/01/2024

Eighty-four per cent of institutional fixed income investors will increase their level of risk in the next 12 months with one in 10 making dramatic increases, as they boost overseas investments in search of extra return, new research from Aeon Investments has revealed


02/01/2024

Assets managers are talking a good game on climate but failing to translate their words into action when they vote at fossil fuel companies’ annual general meetings (AGM), according to Reclaim Finance


02/01/2024

Danish insurance companies have reduced their CO2 emissions by 25% since 2020, and all large companies are working with objectives that support the Paris Agreement, a new sustainability report from Denmark’s Forsikring & Pension (F&P) has revealed


02/01/2024

Aviva CEO, Amanda Blanc, has been awarded a damehood in the New Years Honours List


02/01/2024

Aegon UK has announced its commitment to biodiversity protection and restoration by signing the Finance for Biodiversity Pledge


02/01/2024

A further two new entrants will enter the bulk annuity market in 2024, either through the acquisition of one of the existing nine bulk annuity providers or as new providers, LCP has predicted


21/12/2023

As 2023 draws to a close, we have rounded up the top 10 most read news stories on Insurance Asset Management over the last 12 months


21/12/2023

The Chinese general insurance industry is set to be worth CNY 2.3trn ($361.0bn) by 2028, forecasts from GlobalData have indicated


21/12/2023

MEAG has closed the senior financing for the construction of one of the largest solar power plants in Portugal


20/12/2023

Manulife Financial’s recent announcement to reinsure a portion of its lower margin businesses could represent a “benchmark for future transactions” by life insurers and a potential credit positive for the industry, according to Fitch Ratings


20/12/2023

NN Group has announced that its subsidiary, NN Life, has completed two transactions to transfer the full longevity risk associated with approximately a total €13bn of pension liabilities in the Netherlands


20/12/2023

The NICEIC Pension Scheme has completed a £66m full buy-in with Just Group, securing the retirement benefits for 237 pensioners and 154 deferred members


19/12/2023

The Australian life insurance industry is forecast to grow to AUD 44.7bn ($30.4bn) by 2028, according to estimates from GlobalData


19/12/2023

Allianz has successfully sponsored a new catastrophe bond which will provide the group with multi-year risk transfer capacity of €250m to protect itself against European windstorms


19/12/2023

The St Paul’s Cathedral Pension and Life Assurance Scheme has agreed an £18m bulk purchase annuity deal with Aviva, securing the retirement benefits for all members of the scheme


18/12/2023

Swiss Re has acquired Fathom, a provider of water risk intelligence and flood models, based in the UK


18/12/2023

Allianz Global Investors (AllianzGI) has announced the final close of its Allianz Asia Pacific Secured Lending Fund at $610m


18/12/2023

The trustees of the Westminster Abbey 1972 Retirement and Death Benefits Scheme have completed a £25m full-scheme buy-in with Pension Insurance Corporation (PIC)


15/12/2023

EIOPA has launched a consultation on the prudential treatment of sustainability risks


15/12/2023

The Bank of England (BoE) has confirmed it is keeping its base rate at 5.25%, the third time in a row the central bank has opted to hold interest rates


14/12/2023

Transition risks could cost infrastructure investors US$600bn before 2050, latest research published by EDHEC Infrastructure & Private Assets Research Institute has shown


14/12/2023

The EU has agreed a deal to ease its capital rules for insurers in a move its lawmakers said could free up tens of billions of euros for investing in green technology and infrastructure to boost growth


14/12/2023

The global private debt market will reach $3.5trn in AuM by year-end 2028, BlackRock has estimated


13/12/2023

KPMG UK has appointed Huw Evans as its incoming head of insurance


13/12/2023

Almost seven in ten (69%) institutional investors have reported an increase in demand to invest in passion assets from their client base, Fladgate LLP has revealed


13/12/2023

AllianceBernstein has announced that its head of equities, Chris Hogbin, will assume a newly created role of global head of investments, effective 1 January 2024


13/12/2023

PIC has concluded a £65m full buy-in of the Chemring Group Staff Pension Scheme


12/12/2023

Mercer has reached an agreement to acquire Vanguard’s outsourced chief investment officer (OCIO) business that provides investment management services for not-for-profit organisations and other institutional investors in the US


12/12/2023

EIOPA has launched a public consultation on its draft Opinion on sustainability claims and greenwashing in the insurance and occupational pensions sectors


12/12/2023

The increased focus on sustainability by property development finance firms is driving growing interest among institutional investors as they bid to meet their own ESG targets, according to new research published from Downing’s Building Yields and Homes report


11/12/2023

Just 25% of US asset owners use equity ETFs and just 25% use fixed income ETFs, new data published by Cerulli has revealed


11/12/2023

Bulk annuity defined benefit (DB) transactions in the £1bn to £2bn range are likely to become even more prominent in 2024, according to Standard Life


07/12/2023

PIC has made a second private placement investment of £30m in secured debt issued by Heart of Medway Housing Association, part of the mhs homes group


07/12/2023

Decisionmakers at insurers and insurance asset managers are expecting a wave of M&A activity to hit Singapore and Hong Kong in 2024, Clearwater Analytics’ 2024 Hong Kong & Singapore Insurance Industry Outlook report has revealed


07/12/2023

Appetite within the pensions industry for a multi-insurer auction process when brokering a buy-in remains “strong”, according to research from LCP, with almost three quarters of pension scheme trustees and corporate sponsors who expressed a preference indicating that this is their preferred approach.


06/12/2023

Exposures to climate-related assets among global insurers’ investments “remain significant”, the IAIS has said, with the figure estimated at 37% of reported assets


06/12/2023

The gap between asset managers’ climate assertions and evidence of action remains “painfully wide”, according to analysis from Redington


06/12/2023

The Superior Pension Fund has completed a £10m bulk annuity deal with Just Group, insuring the pension liabilities for 78 members


06/12/2023

LV= has completed the next stage of the transition of assets to BlackRock


05/12/2023

The UN-Convened Net-Zero Asset Owner Alliance has made strides on two crucial elements for working on net-zero commitments – creating a transition plan and aligning lobbying and advocacy


05/12/2023

Institutional investors are set to increase their exposure to credit as the sector becomes more attractive with most believing they are currently underexposed, a new report from Downing LLP has found


05/12/2023

Haag-Streit UK’s legacy defined benefit (DB) pension scheme has secured an £18m full-scheme buy-in with Aviva


05/12/2023

The trustees of the Hyde House Association Limited Pension and Assurance Scheme have completed a £60m buy-in with Just Group, covering all of the scheme's remaining uninsured liabilities


04/12/2023

a.s.r. has the intention, subject to market conditions, to issue a Euro-denominated green senior bond, following investors calls commencing today


04/12/2023

Achmea has published an update to its Climate Transition Plan, setting interim targets to reduce CO2 emissions associated with its insurance policies


04/12/2023

River and Mercantile has rebranded to River Global


01/12/2023

Nippon Life has agreed a deal worth ¥210bn (£1.1bn) to acquire Nichii Holdings, the parent company of medical care provider, Nichiigakkan


01/12/2023

Allianz Global Investors (AllianzGI) has announced that the SDG Loan Fund has successfully mobilised over $1.1bn in private capital to advance the United Nations Sustainable Development Goals (SDGs) in emerging and frontier markets


01/12/2023

The Thales UK pension scheme has agreed a £2.7bn buy-in with Rothesay, securing the benefits of over 16,000 members, including 10,512 pensioners and dependants, and 5,915 deferred members


30/11/2023

The Spanish operating environment will stabilise in 2024 leading to neutral sector outlooks for both life and non-life insurance, Fitch Ratings has said


30/11/2023

Total assets of euro area insurance corporations decreased to €8,163bn in Q3 2023, from €8,270bn in Q2 2023, according to statistics published by the European Central Bank


30/11/2023

US insurers’ total exposure to common stock decreased from around $1.2trn at year-end 2021 to $1trn at year-end 2022, latest figures published by the NAIC have shown.


29/11/2023

Oslo Pensjonsforsikring (OPF) made a negative return of 0.4 per cent in the third quarter (Q3) of 2023, it has revealed


29/11/2023

Dutch institutional investors kept their investments in high-risk bonds roughly the same over the past 12 months, a break from previous years


29/11/2023

The FCA has confirmed a substantial package of measures to improve the trust and transparency of sustainable investment products and minimise greenwashing


29/11/2023

Askews Retirement Scheme has secured an £11m full-scheme buy-in with Legal & General (L&G), covering the benefits of all 86 scheme members


28/11/2023

Investment fund distributors are easing up on ESG requirements for asset managers on their platforms in the face of concerns about performance, questions about regulations and reporting standards, and lower demand from end investors, according to Coalition Greenwich


28/11/2023

The French insurance sector is in a good position to withstand weak macroeconomic prospects due to resilient credit fundamentals and effective management decisions, Fitch Ratings has said


28/11/2023

Nuveen has expanded its global responsible investment strategy and stewardship teams with the hires of Sasha Miller and Enrico Colombo


28/11/2023

DWS has appointed Dan Robinson as EMEA head of alternative credit in a firm commitment to accelerate its private credit footprint


28/11/2023

AIA Group has published its first Climate Transition Plan


24/11/2023

EU policymakers have “fallen short” of delivering the Solvency II regulatory framework needed to “hold insurers accountable for the damage they pose to people and the planet”, ShareAction senior EU policy officer, Caroline Metz, has argued


24/11/2023

European insurers face substantial unrealised losses on fixed income investments exceeding €500bn due to rapidly soaring interest rates in 2022, S&P Global Ratings has said


24/11/2023

The IAIS has launched a second public consultation on climate risk, aimed at promoting a globally consistent supervisory approach to address climate-related risks in the insurance sector


24/11/2023

Paolo Gazzola has joined DWS as head of insurance advisory for the EMEA region (ex. Germany & Austria)


24/11/2023

The Co-operative Pension Scheme has secured a £4bn buy-in with Rothesay, securing the benefits for almost 50,000 members, including 17,655 pensioners and dependants, and 31,896 deferred members


24/11/2023

The trustee of the Boots Pension Scheme has agreed a £4.8bn full buy-in with Legal & General (L&G), marking the UK's largest single transaction of its kind by premium size


24/11/2023

The winners of the Insurance Asset Management Awards 2023 were announced last night at a gala ceremony in London


22/11/2023

Ninety-two per cent of European life insurers plan to increase their allocation to investments with a positive environmental and social impact, a survey commissioned by AlphaReal has revealed


22/11/2023

Norway’s Folksamgruppen is the sole investor in NOK 250m of green bonds issued by Nacka municipality


22/11/2023

The European Commission’s proposal for an ESG rating regulation should extend to ESG data to fulfil the “urgent need”, Insurance Europe and PensionsEurope have stated


21/11/2023

Assets managed by Asian institutions shrunk for the first time in a decade in 2023, Coalition Greenwich has found


21/11/2023

Vienna Insurance Group (VIG) has signed a purchase agreement to acquire 35% of the Hungarian holding company, VIG Magyarország Befektetesi Zrt


21/11/2023

The UK Asset Owner Roundtable has published its findings in a new report and called for urgent action from the entire stewardship chain to address the ‘misalignment issue’ identified in the review


20/11/2023

MetLife has completed a risk transfer transaction with retirement and life insurance company, Global Atlantic Financial Group


20/11/2023

BlackRock has announced the launch of its new flagship securitised fund, the BlackRock Senior Securitised Fund (BSSF), in its existing specialist strategies fund range


20/11/2023

Legal & General has invested £23m into Advanced Electric Machines (AEM), a provider of sustainable motor manufacturing primarily for the automotive industry


17/11/2023

The US PRT market volume for Q3 is expected to hit $10bn, according to Legal & General Retirement America's (LGRA) latest US Pension Risk Transfer Monitor, following the largest first half on record for the market at $22.5bn in deal volume


17/11/2023

Nippon Wealth Life has decided on a policy to transfer a part of its securities investment functions to Nissay Asset Management Corporation (NAM)


17/11/2023

Demand in the UK defined benefit (DB) buyout pension market has continued despite changing dynamics in the past 18 months, analysis from Aon has found, with over half (55 per cent) of schemes targeting buyout


16/11/2023

European insurers’ appetite for lower rated corporate debt, equities and illiquid assets is expected to diminish, Moody’s has said, with purchases of sovereign and highly rated corporate bonds to increase


16/11/2023

Aviva's GI gross written premiums (GWP) rose 13% in the first nine months of the year, ignoring the effect of exchange rates, to £8bn


16/11/2023

Asset managers must adopt a consistent, transparent, and outcomes-oriented climate engagement strategy, which recognises that climate change poses systemic risks to asset owner portfolio returns, if asset owners are to be consistently represented, the UN-Convened Net-Zero Asset Owner Alliance (NZAOA) has argued in its latest paper


15/11/2023

US insurers’ exposure to foreign investments decreased y-o-y by 17% to around $360bn at year-end 2022, from $436.7bn at year-end 2021, according to the NAIC


15/11/2023

UK inflation has fallen to 4.6% for the year to October, a sharp fall from 6.7% in September, new figures published by the Office for National Statistics (ONS) have revealed


15/11/2023

The Chinese life insurance industry is forecast to grow at a compound annual growth rate (CAGR) of 9% over 2024-28, from CNY4trn ($597.1bn) in 2024 to CNY5.6trn ($893.2bn) in 2028, in terms of direct written premiums, according to GlobalData


14/11/2023

Specialist secure income manager, AlphaReal, has deployed £350m of long income real estate backed investments over nine months on behalf of Just Group, with a significant social infrastructure focus


14/11/2023

Aviva Investors, the global asset management business of Aviva, has appointed Oskar Geldof as its new head of BeNeLux


14/11/2023

The Japanese life insurance industry is forecast to grow at a compound annual growth rate (CAGR) of 2.0% from JPY37.1trn ($289bn) in 2024 to JPY40.2trn ($359.5bn) in 2028, in terms of gross written premiums, according to GlobalData


13/11/2023

The Bank of England (BoE) has published the latest phase of the System-wide Exploratory Scenario (SWES) with bank and non-bank participants provided a hypothetical stress scenario


13/11/2023

US insurance companies’ exposure to high-yield bond investments declined 8.8% to $269bn compared to the prior year, the National Association of Insurance Commissioners (NAIC) has revealed


13/11/2023

Talanx Group generated a group net income of €1,279m in the first nine months of 2023 and has lifted its full-year earnings forecast to “significantly more than €1.5bn” on the basis of its strong operating performance, a record figure for the firm.


13/11/2023

The trustees of the Deutsche Bank Defined Benefit (DB) UK Pension Scheme have completed a £500m buy-in with Legal & General Assurance Society, securing the benefits of around 2,000 retirees and deferred members


09/11/2023

Insurers operating in the Lloyd’s of London market are the world’s biggest underwriters of fossil fuel projects, research published by Insure Our Future has found


09/11/2013

Oil and gas are “not the problem” for the climate, but the carbon emissions arising from them are, UK net-zero minister Graham Stuart has said


08/11/2023

Ninety-six per cent of institutional investors and wealth managers across Europe, with combined assets of over €150bn under management, said the number of fixed-income indices will increase over the next two years


07/11/2023

PGIM Investments has appointed Rochus Appert as country head of Switzerland


07/11/2023

European insurers’ exposures to macro, market and digitalisation risks are currently at a high level and the main concern for the sector, EIOPA’s latest Insurance Risk Dashboard has said


07/11/2023

The UK will need around £1.3trn to meet its infrastructure goals, but only £700bn in funding is currently secured from a mixture of public and private sources, leaving a £615bn shortfall by 2030, a report by the ABI has revealed


06/11/2023

UK defence secretary Grant Shapps has warned Aviva against any “immoral” withdrawal of backing for defence companies


06/11/2023

Just Group has agreed a £32m buy-in with the Air France (UK) Pension Scheme, securing pension liabilities for almost 200 members of the scheme


03/11/2023

Swiss Re has reported a net income of US$2.5bn in the first nine months of 2023, with a profit of US$1bn in the third quarter


02/11/2023

Zurich has announced a strategic alliance with Kotak Mahindra Bank, through the proposed acquisition of a 51% stake in Kotak Mahindra General Insurance for US$488m


02/11/2023

Aviva has agreed an £80m buy-in deal with the Rotork Pension & Life Assurance Scheme, covering the pension benefits for 406 current pensioners and dependants in the scheme


02/11/2023

Nearly three-quarters of institutional investors will increase their allocations to private debt and structured credit in the next 12 months as they respond to challenging economic conditions, according to Aeon Investments


01/11/2023

China is easing investment rules allowing insurers to make longer-term investment in shares


01/11/2023

US life/annuity (L/A) insurers increased their borrowing through the Federal Home Loan Bank (FHLB) program by 22% in 2022, as they looked to capitalise on enhanced yields in the higher interest rate environment, according to a new AM Best report


01/11/2023

Almost two-thirds (64%) of UK institutional real estate investors are considering moving their investment abroad, according to research from Gallagher


01/11/2023

Finnish mutual pensions insurance company, Ilmarinen, made a return of 3.3% in the first nine months of 2023, equivalent to €1.9bn


31/10/2023

Robeco has announced plans to openly share its sustainable investing (SI) data, becoming one of the first asset managers globally to do so


31/10/2023

AXA Investment Managers (AXA IM) has appointed Rémi Lambert as chief investment officer (CIO) for Architas


31/10/2023

Regulators have authorised Helvetia Global Solutions to underwrite non-life insurance business in the UK, with the move to come into effect tomorrow (1 November)


30/10/2023

Varma delivered an investment return of 2.8% for the period January-September 2023, boosted by a strong performance from its unlisted private equity and hedge fund investments


30/10/2023

Nordic insurance group, Sampo, has filed an application for a group partial internal model to the Swedish FSA


30/10/2023

Resolution Life has announced that its Bermudian reinsurance platform, Resolution Re, has entered into the UK Pension Risk Transfer (PRT) market with its inaugural reinsurance agreement


27/10/2023

Seven out of 10 major Japanese life insurance firms plan to boost their investments in domestic government bonds, according to their asset management plans for H2 2023


27/10/2023

The Bayer Group Pension Plan has agreed a £280m buy-in with Canada Life, securing the benefits of more than 1,300 retirees


26/10/2023

A group of over 20 NGOs coordinated by ShareAction through the European Responsible Investment Network (ERIN), has published a manifesto for the EU elections calling on policymakers to make sustainable finance a top priority of the 2024-2029 EU agenda


26/10/2023

Nearly half (48%) of defined benefit (DB) pension scheme sponsors have buyout as their endgame strategy, but 45% of those are worried about a lack of insurer capacity or interest, according to Hymans Robertson


26/10/2023

The pensions risk transfer market could hit a “boiling point” in 2023, Barnett Waddingham has said, after its analysis revealed that the market is on track to break previous records, estimating a total 2023 deal value of well over £40bn


25/10/2023

Finnish pension insurance company Elo made a return of 2.7%, between 1 January and 30 September 2023


25/10/2023

Rothesay has seen a 13% overall reduction of Carbon Intensity (CI) in its total £47bn investment portfolio since 2020, its annual ESG reports have revealed


25/10/2023

Waterfall Asset Management has announced the expansion of its insurance asset management business


25/10/2023

The Australian general insurance industry is set to grow at a compound annual growth rate (CAGR) of 9.1% from AU$86.8bn ($60.1bn) in 2023 to AU$123.1bn ($83.9bn) in 2027, in terms of direct written premiums (DWP), GlobalData has forecast


25/10/2023

The British Red Cross Pension Fund and the Scottish Branch British Red Cross Society Retirement Benefits Scheme have agreed a £30m bulk annuity deal with Aviva, securing retirement benefits for around 360 members across both schemes


23/10/2023

Members of the UN-convened Net-Zero Asset Owner Alliance (NZAOA) are making “solid progress” towards achieving 2025 emission targets, Günther Thallinger, board member, Allianz SE and NZAOA chair, has said


23/10/2023

The defined benefit (DB) pension scheme of Landor Cartons Limited has completed a £6m full scheme buy-in with Just Group


23/10/2023

The total assets under management (AuM) of the world’s 500 largest investment managers fell by 13.7% year-on-year between 2021 and 2022, according to research by the Thinking Ahead Institute (TAI)


20/10/2023

Saudi Arabia’s general insurance industry is forecast to grow from SAR 56.8bn ($15.2bn) in 2023 to SAR 72.4bn ($19.3bn) in 2027, in terms of gross written premiums (GWP), GlobalData has estimated


20/10/2023

Life insurers are facing a significant outflow of assets under management (AuM) ahead of the “largest inter-generational wealth transfer in history”, a new report has warned


20/10/2023

The Prudential Regulation Authority (PRA) has said that it sees no need for it take over or assume any regulation of pension funds, and has not seen any new risks emerge that would change its current position on defined benefit (DB) superfunds


19/10/2023

The International Association of Insurance Supervisors (IAIS) has announced that vice minister for international affairs at the Financial Services Agency (FSA) of Japan, Shigeru Ariizumi, has been elected as its new executive committee chair


19/10/2023

The UN-Convened Net-Zero Asset Owner Alliance has reported that its membership now covers over $9.5trn in assets under management (AuM)


19/10/2023

Gothaer has announced a €20m investment in Munich-based venture capital firm, HV Capital


18/10/1

Ninety per cent of European insurers’ current operating models do not support future business needs, according to a new report by Clearwater Analytics


18/10/2023

AM Best has maintained its stable outlook on Japan’s life insurance market segment, citing in part the prospects for higher premium income based on rising interest rates


18/10/2023

The International Association of Insurance Supervisors (IAIS) has begun its assessment of whether the Aggregation Method (AM) being developed by the US provides comparable outcomes to the global Insurance Capital Standard (ICS), and if so, will be considered an outcome-equivalent approach for implementation of the ICS as a prescribed capital requirement (PCR)


17/10/2023

US private equity investor, J. Christopher Flowers, is warning life insurers that the dramatic increase in their private credit investments may create systemic risk for investors


17/10/2023

Eighty-six per cent of institutional investors and wealth managers will increase their allocations to multi-asset credit (MAC) strategies over the next two years in pursuit of a reliable and diversified source of income, according to Aeon Investments


17/10/2023

Global alternatives AuM are expected to reach $24.5trn by the end of 2028, compared to an estimated $16.3trn at the end of 2023, according to Preqin’s Future of Alternatives 2028 report


16/10/2023

CNP Assurances has announced the created of a Green & Sustainable Hub


16/10/2023

abrdn has agreed to sell its European-headquartered private equity business to alternative asset management firm, Patria Investments


16/10/2023

The UK buyout market is undergoing a “seismic shift”, according to analysis from LCP, which revealed a more than 50% increase in the number of defined benefit (DB) schemes approaching insurers for buy-in/out quotations compared to a year earlier


13/10/2023

US insurers’ exposure to municipal bonds increased by 7% to $505.4bn at year-end 2022 from almost $472bn at year-end 2021, latest data published by the NAIC has revealed


13/10/2023

Security Benefit, the US insurance company set up by Chelsea FC owner Todd Boehly in 2015, held the largest exposure to US illiquid assets of any insurer in the country last year, data published by Fitch Ratings has shown


13/10/2023

Allianz has agreed to acquire Tua Assicurazioni from Assicurazioni Generali for a consideration of €280m


12/10/2023

De Nederlandsche Bank (DNB) executive board member, Steven Maijoor has said he is “concerned about the pace and the amount of action” taken by the financial sector in managing climate and environmental risks


11/10/2023

US insurers’ exposure to collateralised loan obligations (CLOs) collateralised by bank loans and
middle market loans was $247.6bn in book/adjusted carrying value (BACV) at year-end
2022, representing a 14.5% increase from about $216.3bn at year-end 2021


11/10/2023

European life insurers are optimistic that changes to regulation will make it easier to invest in secure income assets and private markets, new research has found


11/10/2023

The London Stock Exchange (LSE) Group Pension Scheme has completed a £335m bulk purchase annuity deal with Standard Life, covering 1,740 members across the LSE and London Clearing House sections of the scheme


09/10/2023

Länsförsäkringar is shaking up its fund range within unit-linked insurance with the addition of a new sustainability-orientated fund


09/10/2023

Singlife has appointed Ortec Finance as its strategic asset allocation consultant


09/10/2023

The Transition Plan Taskforce (TPT) has launched a best practice Disclosure Framework for transition plans, which aims to support companies and financial institutions in contributing to the shift to net-zero


06/10/2023

Around 30% of buy-in and buyout transactions were run on an exclusive basis in 2022, bypassing the traditional auction process, according to analysis by Hymans Robertson


06/10/2023

Varma has become the first Finnish pension insurance company and the third pension firm in the world to receive official validation for its emission reduction targets, which are based on the Science Based Targets initiative (SBTi)


06/10/2023

The European Insurance and Occupational Pensions Authority (EIOPA) has outlined its strategic priorities for the period 2024 – 2026


05/10/2023

The Green Technical Advisory Group (GTAG) has published its final piece of advice to the UK Government on the design and implementation of a UK Green Taxonomy


05/10/2023

Ratings of US life insurers are not currently at risk from commercial real estate (CRE) exposure, given stable investment portfolios comprised of high-quality, diversified exposures, conservative underwriting, strong liquidity, and effective asset-liability management (ALM), Fitch Ratings said


05/10/2023

More than two-thirds of global institutional investors and wealth managers say they are under-exposed to fixed income assets as yields continue to rise, research published by Managing Partners Group (MPG) has revealed


04/10/2023

About one fifth (21%) of global institutional investors state they have no intention of making commitments to reaching net-zero across their portfolios, Schroders latest Institutional Investor Study has found


04/10/2023

Cinven is considering a sale of German life insurer Viridium


04/10/2023

Nuveen has appointed Kyrylo Sukhanenko as managing director, head of UK insurance


03/10/2023

US insurance companies’ private equity investments slowed in 2022, rising just 3.3% in 2022 to $132bn, following a year of exceptional growth in 2021, according to a new AM Best report


03/10/2023

Nearly 60% of institutional investors and wealth managers across Europe would prefer passive fixed income managers to integrate ESG considerations into their benchmark funds, even if this results in a degree of tracking error, research from Tabula Investment Management has found


02/10/2023

Finalisation of the Insurance Capital Standard (ICS) is likely to be the most significant regulatory development for global insurers in 2024, Fitch Ratings has said


02/10/2023

Generali has appointed Giulio Terzariol as CEO insurance, a newly created role with responsibility for all the insurance business units, with effect from January 2024


02/10/2023

Canada Life has completed a £30m buy-in with the Andrew Sykes Group Pension Scheme, insuring the benefits of around 440 members, including 160 deferred members


29/09/2023

US life insurer investment portfolio liquidity is to offset falling investment maintenance reserve (IMR) balances, according to Fitch Ratings


29/09/2023

Leading European insurers are underwriting nearly a third of US coal production despite their net-zero commitments, a new report published by Insure Our Future has revealed