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20/01/2021

The life insurance direct written premium in Taiwan is projected to grow from TW$3trn in 2019 to TW$3.6trn in 2024, according to GlobalData


20/01/2021

Varma Pension Insurance Company (Varma) has invested US$240m (€196m) in Nordea’s sustainable investment fund that invests in the emerging markets


20/01/2021

Bermuda’s (re)insurance companies raised around $7.7bn of capital in 2020/2021, including common and preferred equity, various debt securities and drawdown on credit facilities


20/01/2021

Life insurer AIA Australia has signalled its intent to take on the Commonwealth Bank of Australia’s (CBA) life insurance and investments business (CommInsure Life)


20/01/2021

Schroders has hired Natalie Howard to lead its new real estate debt platform


20/01/2021

Storebrand has hired Kamil Zabielski as head of sustainable investments


19/01/2021

Chubb has announced its executive vice president and chief financial officer Philip Bancroft plans to retire from the company on 1 July after 19 years of service


19/01/2021

The risk of asset bubbles, price instability, commodity shocks and debt crises feature prominently in the World Economic Forum’s (WEF) latest Global Risks Report


19/01/2021

The world’s leading insurers and the UN Environment Programme have unveiled ‘state-of-the-art’ approaches to assessing climate-related physical, transition and litigation risks


19/01/2021

Intact Financial Corporation has received unconditional approval for its takeover of RSA by Canadian regulators


19/01/2021

Insurance Europe has welcomed the European Commission’s European Single Access Point (ESAP) initiative for financial and non-financial information disclosed by companies


18/01/2021

The world's 30 largest asset management groups were found to be - through their equity holdings - between 8% and 27% deviated from a Paris-aligned target, with variations arising due to geographic differences in markets they operate in


18/01/2021

Canopius Group is planning a flotation on the London Stock Exchange that could value it at more than £2bn


18/01/2021

Cattolica Assicurazioni’s board of directors has started to work on a remedy plan following the Institute for the Supervision of Insurance’s (IVASS) inspection into governance structures and risk management systems


18/01/2021

AXIS Capital will not provide insurance coverage or investment support to projects related to exploration, drilling, or the production of oil and gas in the Arctic National Wildlife Refuge


15/01/2021

Just Group has reduced its exposure to the UK property market by selling £540m of lifetime mortgages balances in December and completed a third hedge to cover £280m of lifetime mortgages


15/01/2021

Allianz has announced for the first time concrete interim targets for reducing greenhouse gas emissions in its investment portfolio of policyholder funds, implementing its stated goal of climate neutrality by 2050


15/01/2021

The Mexico government’s recent 50-year bond issuance may offer an attractive, long-term interest rate alternative intended to maintain investor confidence and reinforce the country’s capital inflows and liquidity, according to a new AM Best commentary


14/01/2021

For the first three quarters of 2020, US insurers net acquired about $180bn in bonds in terms of total price paid, according to the National Association of Insurance Commissioners.

For the first three quarters of 2019, however, they net disposed about $33bn in
bonds in terms of total price received


14/01/2021

Supervisors should support insurers in helping to facilitate the transition to sustainability, Insurance Europe has argued


14/01/2021

Achmea has sharpened its investment policy by further reducing investments in polluting and CO2-intensive companies


14/01/2021

Thirty-three of the world’s largest investors, representing $5.1trn of assets under management, have committed to setting and reporting on 2025 targets to support the transition to net-zero greenhouse gas emissions by 2050


13/01/2021

The Association of Bermuda Insurers and Reinsurers (ABIR) has announced its biennial election of officers for 2021-2022


13/01/2021

Aviva Investors, the global asset management business of Aviva, has published its net zero pathway for its Real Assets business as part of the Better Buildings Partnership Climate Change Commitment


13/01/2021

Zurich has announced the successful placement of US$1.75bn of dated subordinated notes


13/01/2021

Schroders has appointed Chantale Pelletier as global head of infrastructure in private assets to lead the growth and development of the firm’s infrastructure investment platform


13/01/2021

Vontobel has strengthened its emerging markets (EM) fixed income team with four new appointments across its Zurich and Hong Kong offices, including a strategist/portfolio manager and three new analysts


12/01/2021

The overall P&C segment in the US has “sufficient capital” entering 2021 to weather “moderate investment losses” and a “continuation of elevated catastrophe losses”, the Kroll Bond Rating Agency (KBRA) has said


12/01/2021

American Equity Investment Life Holding Company (American Equity) has announced that Tolga Uzuner will become chief investment officer (CIO), asset management


12/01/2021

The National Association of Insurance Commissioners (NAIC) has named its 2021 committee chairs and vice chairs


12/01/2021

European insurers are calling for regulatory clarity on outsourcing and third-party relationships


12/01/2021

Storebrand has launched a new real estate fund focusing on robust cash flows and sustainable assets


11/01/2021

Achmea is expanding its presence in Slovakia by the acquisition of insurance company Poštová poisťovňa


11/01/2021

Nippon Life, together with National Australia Bank (NAB), has resolved to inject capital into MLC Life through a third-party allotment


11/01/2021

European life insurers’ solvency ratios are expected to fall by around five percentage points (ppts) and by close to 10 ppts in an adverse scenario similar to the credit crisis of 2000-2001, thus leading to an increase in capital requirements, Moody’s has said.

In an extreme scenario where all bonds are downgraded by three notches, solvency ratios could fall by more than 30 ppts, Moody’s added


11/01/2021

A call for expression of interest by the European Commission for the appointment of members of the European Supervisory Authorities (ESAs) Board of Appeal for the financial services sector has been launched.


08/01/2021

Four major Japanese life insurers do not invest in or extend loans to producers of nuclear weapons or companies related to them as part of their efforts toward socially responsible investing


08/01/2021

Assets managed by insurers and pensions funds in the Netherlands increased to €2,112bn at the end of the third quarter of 2020, higher than before the coronavirus crisis


08/01/2021

The global ETF market finished 2020 at a record high of $7.6trn across 6,518 ETFs, latest data has revealed


08/01/2021

Memoranda of understanding (MoUs) between EIOPA and all NCAs of the EEA with competencies in insurance, and the BoE in its capacity as the PRA and the FCA of the UK, have now taken effect


07/01/2021

Sun Life has completed its 51% majority stake acquisition of Crescent Capital Group (Crescent), a global alternative credit investment manager


07/01/2021

AIG Life has appointed Neil Davis as commercial director following partnership director Nicola Dryden’s decision to leave


07/01/2021

The scenes of mob violence seen in Washington have been comdemned by US insurers


07/01/2021

The PRA has today published a consultation paper (CP) setting out its approach to deep, liquid and transparent (DLT) assessments and the transition of Solvency II technical information (TI) from LIBOR to SONIA in 2021


06/01/2021

UnitedHealth Group has been ranked the world’s number one largest insurance company for a sixth straight year, with $189.7bn in net premiums written (NPW)


06/01/2021

Climate change scenario analysis should only be included in an insurer’s own risk & solvency assessment (ORSA) if it actually faces material climate risks, European insurers have said


06/01/2021

Mercer has announced the launch of climate transition analytics and advice for institutional investors who want to transition to a 1.5°C scenario of global warming as outlined in the Paris Agreement


05/01/2021

Chief executive officers from AIG, Guardian Life and MetLife are all urging U.S. Congress to certify the electoral results for President-elect Joe Biden


05/01/2021

The sector outlooks for most life insurance markets are worsening, reflecting the higher risk of fallout from the coronavirus pandemic in 2021, as the effects of defaults, write-downs and even lower interest rates take greater hold, Fitch Ratings has said


05/01/2021

Net inflows in the French life insurance space were recorded at -€30m for November 2020, compared to -€154m for October


04/01/2021

W. R. Berkley expects to report a realised pre-tax net gain of around $105m from the sale of one of its real estate investments, keeping with the company’s long-term strategy of investing for total return in order to continue delivering superior long-term value creation to shareholders despite a low interest rate environment


04/01/2021

Catastrophe bond issuance in 2020 reached a record high, as the market saw over $11bn of pure property cat bonds issued for the first time


04/01/2021

Aviva has appointed Mark Versey as chief executive of Aviva Investors


23/12/2020

As 2020 draws to a close, Insurance Asset Management takes a look back at some of the biggest and most-read stories from the year


22/12/2020

Singapore’s general insurance market is forecast to contract by 1.9% in 2020, compared to the 6.7% growth registered in 2019, according to GlobalData


22/12/2020

Investment risk remains a key credit risk for US life insurers owing to their high exposure to fixed income securities, in particular corporate bonds, Moody’s Investors Service has said


22/12/2020

UK life insurers could allocate up to £170bn to illiquid investments over the next decade, Fitch Ratings has said


21/12/2020

The General Association of the German Insurance Industry (GDV) is pressing for the principle of proportionality to be taken even more into account when reforming Solvency II (SII)


21/12/2020

The life insurance written premium in the Asia-Pacific region is projected to grow from US$1.2trn in 2019 to US$1.5trn in 2023


21/12/2020

Groupama has announced the signing of an agreement by its Hungarian subsidiary Groupama Biztosito, to acquire the Croatian insurance company, OTP Osiguranje, owned by OTP Bank


21/12/2020

The global green bond market will grow by €300bn in 2021, reaching €1trn, according to forecasts by NN Investment Partners (NN IP)


18/12/2020

Farmers Group has announced the promotion of Maïté Irakoze Baur to the role of chief investment officer effective 1 January 2021


18/12/2020

The European Systemic Risk Board (ESRB) has extended its recommendation on restricting dividends paid by financial institutions during the COVID-19 pandemic until 30 September 2021


18/12/2020

Pension scheme buy-ins and buyouts could reach £30bn in 2021, with a further £25bn of longevity swaps alongside this, according to forecasts from Willis Towers Watson (WTW)


18/12/2020

EIOPA’s proposals on Solvency II (SII) reform and current market conditions is expected to hit Dutch insurer, NN Group’s, SII ratio


18/12/2020

Liquidity risk for the European insurance sector is not expected to significantly increase in the next 12 months, EIOPA has said


17/12/2020

NN Investment Partners (NN IP) has appointed Adrie Heinsbroek as chief sustainability officer (CSO), as of 1 January 2021


17/12/2020

The European Supervisory Authorities have issued a comment letter to the International Finance Reporting Standards (IFRS) Foundation, which, among other aspects, calls for a common set of sustainability standards


17/12/2020

The European Insurance and Occupational Pensions Authority (EIOPA) submitted today to the European Commission its Opinion on the Solvency II 2020 Review


17/12/2020

Lloyd’s of London has released its Environmental, Social and Governance Report which, among other commitments, asks Lloyd’s managing agents to no longer provide new insurance cover for coal-fired power plants, thermal coal mines, oil sands and new arctic energy exploration


16/12/2020

Fidelis is to rule out underwriting the Adani Carmichael coal project in Australia, making it the 28th re/insurer to publicly make this commitment


16/12/2020

The merger deal between Aon and Willis Towers Watson (WTW) is set to undergo an in-depth probe by European Union (EU) regulators due to its complexity, sources have told Reuters


16/12/2020

A consortium of Swiss institutional investors has committed to a fund offered by AIP Infrastructure, which is partly owned by Danish pension funds PKA and PenSam


15/12/2020

The National Association of Insurance Commissioners (NAIC) has elected its officers for 2021


15/12/2020

Life insurer LV= is to sell itself to private equity group Bain Capital in a £530m deal


15/12/2020

The PRA has today set out its 2021 supervisory priorities for the UK insurance sector


15/12/2020

European insurers could be seeing losses of more than 25% on average in their equity investment portfolios within the high-carbon sector, EIOPA has said


15/12/2020

Aviva has appointed Doug Brown as CEO of UK & Ireland Life Insurance


14/12/2020

State Street and UBS Group are in talks about merging their asset management businesses


14/12/2020

Liberty Mutual Insurance has become a signatory of the United Nations-supported Principles for Responsible Investment (PRI).


14/12/2020

UNIQA is to increase its green investments to at least € 1bn over the next five years


14/12/2020

Asset managers representing over $9trn of assets under management (AuM) have
announced the launch of the Net Zero Asset Managers initiative


14/12/2020

Aviva has agreed to sell the entire shareholding in its wholly-owned life insurance business in Vietnam, Aviva Vietnam, to Manulife


11/12/2020

Aegon is to make internal model adjustments to reduce the volatility of its NL Life capital ratio


11/12/2020

Zurich Insurance Group subsidiary, Farmers Group, Inc. (FGI), has agreed to acquire MetLife’s property and casualty (P&C) business in the US together with the Farmers Exchanges for US$3.94bn


11/12/2020

Standard Insurance, the insurance arm of Johannesburg-based Standard Bank Group and one of South Africa’s leading insurance providers, has selected the Moody’s Analytics RiskIntegrity™ for IFRS 17 solution to support its adoption of the new IFRS 17 accounting standard


11/12/2020

Alternative investment managers (Alt-IMs) are expected to remain active in the US life insurance sector through direct investment in life insurance companies, Fitch has said


10/12/2020

More than two-thirds of European institutional investors (67%) were able to meet or exceed their investment performance targets over the last 12 months, new figures reveal


10/12/2020

The outlook for the European insurance sector is negative, Moody’s Investors Service has said in a report published today


09/12/2020

New accounting standards on expected credit losses do not have a material effect on US insurers and will not require any changes to the credit metrics used to rate those insurers, according to Fitch Ratings


09/12/2020

Members of the National Association of Insurance Commissioners (NAIC) have adopted the NAIC’s Group Capital Calculation (GCC) along with model legislative language designed to enable the GCC once adopted by the state legislatures


09/12/2020

The International Association of Insurance Supervisors (IAIS) proposal for a differentiated and more appropriate capital treatment of infrastructure and strategic equity investments has been welcomed by Insurance Europe, but the latter has argued further improvements should be made to better reflect risk posed to insurers


09/12/2020

Groupama has committed to a global coal exit in its investment portfolios by 2040


08/12/2020

Britain will never again have the same access to the European Union as it did when the country was a member of the bloc, European Commissioner for Financial Stability, Financial Services and the Capital Markets Union Mairead McGuinness has said


08/12/2020

Capital adequacy is anticipated to remain steady by all measures through 2021 in the US P&C insurance sector, with the capital surplus expected to expand by approximately 4% in 2021, according to Fitch Ratings


08/12/2020

US insurance M&A activity is expected to “increase significantly” in 2021, according to Clyde & Co


08/12/2020

A group of 123 scientists, led by Andreas Hoepner and Joeri Rogelj have written an open letter to the EU President following a first draft criteria for the EU sustainable finance taxonomy, attempting to classifying investments that can be marketed as sustainable


07/12/2020

Phoenix Group has set a net-zero carbon by 2050 investment target for its investment portfolio, consistent with the objective of limiting the temperature rise to no more than 1.5°C above pre-industrial temperatures and is in line with the Paris Agreement and the commitment of the UK government


07/12/2020

Enstar Group has announced that one of its wholly-owned subsidiaries has signed an agreement with Liberty Mutual Insurance Europe (LMIE) to reinsure a number of US energy liability, US construction liability and US homebuilders liability insurance portfolios that were previously written out of LMIE’s London branch


07/12/2020

US ratings agency AM Best has maintained its market segment outlook on the global reinsurance industry at stable for 2021, citing factors that include positive pricing momentum, combined with tighter terms and conditions, offset somewhat by uncertainty with regard to claims reserve development associated with previous years’ property catastrophe events; social inflation; and more recently, business interruption and casualty lines, related to COVID-19


07/12/2020

The Spanish life and savings insurance market shrank by 26% in the 9M20, reflecting lower sales during lockdown


04/12/2020

American Equity Investment Life Holding Company has closed an initial equity investment of 9,106,042 shares at $37.00 per share from Brookfield Asset Management as part of a previously announced strategic partnership


04/12/2020

MAPFRE AM the asset management arm of Spain's largest insurance company has received the SRI label, a tool created by the French Finance Ministry to help to increase the visibility of SRI products among savers in France and Europe


03/12/2020

Phoenix Group has become a signatory of the UN-supported Principles of Responsible Investment (PRI)


03/12/2020

Belgium’s life and savings insurance market shrank by 10% in H1 2020, reflecting lower sales during the first period of lockdown, but non-life premiums were more resilient, growing by 0.9% in H1 2020


03/12/2020

Twenty-seven per cent of ratings in the US life insurance sector have a negative outlook, Fitch Ratings have said


03/12/2020

The average Solvency Capital Requirement (SCR) ratio of (re)insurance undertakings across Europe using voluntary long-term guarantees measures (LTG) and measures on equity risk is 247% and would drop to 204% if the measures were not applied, EIOPA has revealed


02/12/2020

An adoption of the International Capital Standard (ICS) Margin Over Current Estimate (MOCE), the international version of the risk margin, in the UK would cut the risk margin by at least a half, ABI assistant director, head of prudential regulation, Steven Findlay said


02/12/2020

The Court of Appeal has overturned a High Court ruling to block the transfer of a £12bn portfolio of annuities from Prudential Assurance Company to Rothesay Life, stating that the original judge was "wrong" on a number of issues


02/12/2020

French life insurance net inflows for October 2020 were recorded at -€154m


02/12/2020

Monument Re announced today that Monument Life Insurance d.a.c has completed the acquisition of a portfolio of unit-linked international portfolio bond policies from Zurich Life Assurance


02/12/2020

EIOPA must not undermine the ability of insurers to use reinsurance to manage risk, Insurance Europe has argued


02/12/2020

Unfriend Coal’s Insure Our Future campaign has revealed its fourth annual scorecard on insurers’ climate policies, and despite progress some major companies in the US, the Lloyd’s Market and East Asia are still insuring coal. Moreover there are few signs that the global insurance industry is taking comprehensive action on oil and gas


02/12/2020

The European Insurance and Occupational Pensions Authority (EIOPA) has published a discussion paper on a methodology for the potential inclusion of climate change in the Solvency II standard formula when calculating natural catastrophe underwriting risk


01/12/2020

German life insurers will have built up an additional interest reserve (ZZR) of around €87bn by the end of 2020, €11bn more than in 2019, according to calculations by the German Insurance Association (GDV)


01/12/2020

Australia's general insurance industry net profit after tax of $0.9 billion and return on net assets of 3.2 per cent were significantly lower during the year ended September 2020, according to latest figures published by the Australian Prudential Regulation Authority (APRA)


01/12/2020

Net income in the US life/annuity (L/A) industry dropped by nearly 57% to $12.7bn in the first nine months of 2020, compared with the same prior-year period


01/12/2020

The European Insurance and Occupational Pensions Authority (EIOPA) has started a consultation on the relevant ratios to be mandatorily disclosed by insurers and reinsurers falling within the scope of the Non-Financial Reporting Directive as well as on the methodologies to build those ratios


01/12/2020

The 2021 outlook for the global asset management sector is negative, reflecting the uneven global economic recovery which remains vulnerable to increasing coronavirus cases, volatility in the financial markets, and wavering investor risk appetite, Moody’s Investors Service has said


01/12/2020

The outlook for Italian insurance in 2021 is worsening for the life sector and stable for the non-life sector, Fitch Ratings has said


30/11/2020

Eight US insurance companies filed TaskForce on Climate-related Financial Disclosures, or TCFD, reports in response to the Climate Risk Disclosure Survey in 2020, Insurance Commissioners Mike Kreidler of Washington state and Ricardo Lara of California have announced


30/11/2020

The Reserve Bank of New Zeland is today launching dual consultations on the scope of the Insurance Prudential Supervision Act (IPSA) 2010 and associated Insurer Solvency Standards


30/11/2020

The UK government has extended the period of consultation into the Solvency II (SII) review by one month to 19 February 2021


30/11/2020

The outlook for insurers in emerging markets is more stable than that of banks (negative), as the lockdown from the COVID-19 pandemic has resulted in one-off gains in profitability, but pressures on capital are increasing, Moody’s has said


30/11/2020

AXA has entered into an agreement with Gulf Insurance Group (GIG) to sell its insurance operations in the Gulf region for US$269m or €225 million , which includes its shareholding in AXA Gulf, AXA Cooperative Insurance Company and AXA Green Crescent Insurance Company


30/11/2020

Aviva Life & Pensions UK has completed an £875m buy-in with its parent company’s defined benefit pension scheme, covering around 2,800 members’ pension liabilities


30/11/2020

MAPFRE has appointed Mónica Zuleta Díaz as its new head of sustainability


30/11/2020

Aegon has agreed to sell its insurance, pension and asset management business in Hungary, Poland, Romania and Turkey for €830m to Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG)


30/11/2020

Institutional investors including insurers should consider great allocations to China to benefit from the long-term opportunities the country presents and help to manage their overall risk, two research papers have suggested.


27/11/2020

The winners of the Insurance Asset Management Awards 2020 were announced last night via a special video broadcast


27/11/2020

Few US insurers have reported altering their investment strategy in response to considerations of the impact of climate change on investment portfolios, findings published by the National Association of Insurance Commissioners (NAIC) have revealed


27/11/2020

Ageas has successfully placed debt securities in the form of €500m subordinated fixed to floating rate notes maturing in November 2051 and with a first call date in 2031


27/11/2020

Qatar Insurance Group has recently announced the appointment of Hasan Al-Lawati as the new CEO for its subsidiary Oman Qatar Insurance Company (OQIC)


27/11/2020

Pension Insurance Corporation (PIC) has invested £65m in debt issued by Pobl, a housing association based in Newport, Wales


27/11/2020

Skandia has invested SEK 1bn in train infrastructure via a bond issued by the Eurofima partner body


26/11/2020

Aviva has reported a 13.8% decline in the value of new business (VNB) written by its life insurance business, which stood at £714m in the first nine months of the year


26/11/2020

Fitch Ratings is maintaining German non-life insurance in 2021 on a stable sector outlook


26/11/2020

The board of supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) has re-elected Peter Braumüller, managing director of insurance and pension supervision at the Austrian Financial Market Authority (FMA) as vice-chairperson of EIOPA


26/11/2020

Sixty-six per cent of institutional investors in Germany and the US expect institutional investors to increase their exposure to Germany over the next 12 months, according to latest research


25/11/2020

Bank of England (BoE) regulators are looking to rejig Solvency II (SII) regulations in Britian as quickly as possible after the Brexit transition period ends, BoE executive director of prudential policy Victoria Saporta has said


25/11/2020

The European Insurance and Occupational Pensions Authority (EIOPA) has published a consultation on the statement on supervisory practices and expectations in case of breach of the Solvency Capital Requirement (SCR)


25/11/2020

Net sales of UCITS and AIFs totalled €32bn in September, up from €30bn in August, according to the latest data from the European Fund and Asset Management Association (EFAMA)


24/11/2020

The Swiss Financial Market Supervisory Authority (FINMA) intends to continue to emphasise robust capital and liquidity buffers in its supervision of insurers and financial institutions


24/11/2020

The UK life insurance sector outlook for 2021 is worsening, driven by lower interest rates in 2020 and substantial downside risks to interest rates and credit markets in 2021, Fitch Ratings has said


23/11/2020

Asia-Pacific’s private market AuM will grow from $1.62trn in 2019 to $4.97trn in 2025, at
a world-beating CAGR of 25.2%, according to research published by Preqin


23/11/2020

Fitch Ratings' sector outlook for the French insurance sector in 2021 is worsening for the life segment and is stable for non-life


23/11/2020

Aviva has agreed to sell its entire 80% shareholding in the Italian life insurance joint venture, Aviva Vita S.p.A. (Aviva Vita), to its partner UBI Banca


23/11/2020

BNP Paribas Asset Management (BNPP AM) has announced the further strengthening of its private debt & real assets (PDRA) investment division


20/11/2020

Zurich is in discussions to acquire MetLife’s US P&C business for close to $4bn


20/11/2020

Following gradual annual increases over the last decade, US insurers’ exposure to NAIC-2 designated bonds as a percentage of total bonds was unchanged at 30% at year-end 2019 compared to year-end 2018, latest figures published by the NAIC have shown


20/11/2020

Total assets of Chinese insurance companies amounted to RMB 22.4trn at the end of Q3 2020, increasing by RMB 1.9trn and up by 9.1% from the beginning of the year


19/11/2020

QBE Insurance Group (QBE) has become the first Australian insurer to become a member of the UN-convened Net-Zero Asset Owner Alliance, committing to a net-zero emissions investment portfolio by 2050


19/11/2020

J.P. Morgan Asset Management (JPMAM) has appointed Paolo Gazzola as an executive director


19/11/2020

Forty-five per cent of total assets under management (AuM) in Europe at the end of 2019 were invested in some sort of ESG selection strategy, a new report by the European Fund and Asset Management Association (EFAMA) has shown


19/11/2020

The financial industry must do more to help in the fight against climate change, Professor Martin Siegert, Professor of Geosciences and co-director of the Grantham Institute at Imperial College London, has warned


18/11/2020

Sustainable investing assets now account for $17.1trn - or 1 in 3 dollars - of the total US assets under professional management, representing a 42% increase over 2018, The US SIF Foundation's 2020 biennial report on US Sustainable and Impact Investing Trends has found


18/11/2020

Four Japanese insurers have revealed plans to strengthen their environmental, social and governance (ESG) investments in the second half of fiscal 2020, amid mounting public pressure for insurers to practice sustainable investment practices


18/11/2020

British insurer RSA has agreed a £7.2bn takeover from Intact Financial Corporation and the Scandinavian insurer Tryg


18/11/2020

Pension Insurance Corporation (PIC) has appointed Wellington Management (Wellington) to manage its US municipal bonds (muni bonds) portfolio


18/11/2020

MAPFRE has continued the diversification of its investment portfolio with the acquisition of an office building in the London neighborhood of Fitzrovia thorugh the SIEREF-GLL fund, which the insurer launches with its managing partner GLL Real Estate Partners (Macquarie Group)


17/11/2020

The Australian Securities and Investments Commission (ASIC) is calling on insurers to respond to a new accounting standard for insurance contracts


17/11/2020

German institutional investors have reduced their home bias over the past three decades but this has shifted to eurozone ‘near bias’ instead, according to a report by Union Investment


17/11/2020

Zurich Insurance Group has become the first large institutional investor to prioritise the environmental and social goals of its impact investment portfolio following its AUM reaching $5bn


16/11/2020

Premium income in the life and non-life Italian business in the first six months of 2020 amounted to €68bn, down by 9.2% compared to the first half of 2019, according to latest figures published by Italy's Institute for the Supervision of Insurance (IVASS)


16/11/2020

Failure to act on stakeholder pressure around ESG issues could lead to long-term reputational challenges for their organisation, insurance companies in Europe and Asia Pacific have said


16/11/2020

Eighty per cent of European professional investors now have social real estate firmly on their radar as an investment opportunity and over the next two years around 30% expect institutional investors to increase their real estate allocation to funds offering a social benefit


13/11/2020

Swiss insurance company Helvetia has issued its first green hybrid bond worth CHF 200m, enabling its investors to participate in and support its sustainability targets


13/11/2020

The Swiss Financial Market Supervisory Authority (FINMA) is conducting a public consultation around bank and insurer disclosures concerning climate change and financial risks


12/11/2020

Aberdeen Standard Investments (ASI) has launched a range of sustainable index funds within a tax efficient Authorised Contractual Scheme (ACS) structure aimed at pension funds and other institutional investors


12/11/2020

Conning has announced the launch of a new Climate Risk Reporting and Scenario Service, equipping institutional investors with the tools and analytics needed to assess portfolio risk under a range of climate change stresses


12/11/2020

Zurich has seen its property & casualty (P&C) gross written premiums rise by 3% on a like-for-like basis for the nine months ended 30 September 2020 compared to a year earlier


11/11/2020

Turkish insurers' insurer financial strength ratings are under pressure from the negative outlooks on the Turkish sovereign and Turkish banks' ratings, Fitch Ratings has said


11/11/2020

Two of Denmark’s largest pension funds, PKA and PenSam, have joined forces with Norway’s Storebrand to establish a new climate and infrastructure fund of up to DKK 30bn, under the auspices of AIP Management


11/11/2020

The Prudential Staff Pension Scheme has secured a longevity swap deal with Pacific Life Re, covering £3.7bn of pension liabilities, the fifth largest UK longevity swap on record


11/11/2020

Japanese property and casualty (P&C) insurers' adoption of environmental, social and governance (ESG) initiatives is a long-term positive, but faces near-term hurdles in the form of legacy practices that undermine their flexibility in managing evolving trends, Moody's has said


10/11/2020

Luxembourg’s insurance sector saw premiums fall by 22.52% in Q3 2020, compared to the same period in 2019, as a result of COVID-19


10/11/2020

Alternative assets will hit more than $17trn in AuM by 2025, up from $10.74trn at the end of 2020, latest data has shown


10/11/2020

HM Treasury has said EEA states are equivalent for the purposes of Solvency II (SII) articles 378, 379 and 380


09/11/2020

Local companies in the Philippine insurance industry will still face significant pressure on profitability amid the ongoing COVID-19 pandemic with the recent rejection of a proposal to relax minimum capital requirements, AM Best has said


09/11/2020

AIG’s total consolidated net investment income increased to $3.8bn in Q3 2020, compared to $3.4bn in the prior year quarter, and net investment income on an APTI basis increased $271m primarily reflecting higher private equity and hedge fund returns


09/11/2020

The Association of British Insurers (ABI) has appointed Pension Insurance Corporation (PIC) CEO Tracy Blackwell, Rothesay CEO Addy Loudiadis and Phoenix Group CEO savings and retirement UK & Europe and group director Scotland Andy Curran to its board


09/11/2020

Scottish Widows is to divest at least £440m from companies that have failed to meet its environmental, social and governance (ESG) standards, and warned this figure could grow much further if companies do not take action to improve the sustainability of their business practices


09/11/2020

Australian life and non-life insurers' earnings are likely to fall due to top-line pressure and weaker investment revenue, Fitch Ratings has said in a new report


09/11/2020

The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) that will help insurance companies adversely affected by the COVID-19 pandemic by giving them an additional year to implement Accounting Standards Update No. 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts (LDTI)


09/11/2020

The risk exposures of the European Union (EU) insurance sector have slightly reduced since EIOPA published its July risk assessment update


06/11/2020

Members of the 30-strong UN-convened Net-Zero Asset Owner Alliance have published their position on thermal coal, calling for the cancellation of all new thermal coal projects, a phase-out of all unabated existing coal-fired electricity generation and a cessation of the financing, development and planning of further thermal coal power plants


05/11/2020

RSA Insurance Group has received a £7.1bn takeover bid from Canada’s Intact Financial and Danish insurer Tryg, in what could be the biggest acquisition of a UK-listed company this year


05/11/2020

BNP Paribas Asset Management (BNPP AM) has appointed Séverine Piquet as head of corporate credit research


04/11/2020

MetLife’s net investment income was $4.7bn for Q3 2020, up 2% from the third quarter of 2019 driven by higher private equity returns


04/11/2020

As of year-end 2019, US insurers’ investment in emerging markets bonds and stocks totalled $48.4bn in book/adjusted carrying value (BACV), which was less than 1% of total cash and invested assets; bonds accounted for the majority, at $46.9bn, according to a report published by the National Association of Insurance Commissioners (NAIC)


04/11/2020

The approach of EIOPA and the ESRB to the Solvency II review undermines insurers in facilitating the EC’s Capital Markets Union and Green Deal objectives, Insurance Europe has said


03/11/2020

Less than 1% of total assets of the French insurance sector are exposed to the coal industry, a new report has revealed


03/11/2020

Global alternative investment manager Ares has made Raj Krishnan partner and chief investment officer of Ares Insurance Solutions (AIS)


03/11/2020

The outlook for German life insurers for 2021 is negative, reflecting the pressure low-interest rates exert on earnings and solvency, Moody’s Investors Service said in a report published today


02/11/2020

Forty-nine per cent of global insurers are expecting to increase their allocation to real assets investment strategies over the next 12 months, a new study has revealed


02/11/2020

The New York State Department of Financial Services (DFS) superintendent Linda Lacewell has announced a settlement worth $6m with Principal Life Insurance Company for annuity replacement violations


02/11/2020

MAPFRE’s total assets have fallen 5% from the close of 2019 and now stand at €68.8bn due to stock market falls, currency depreciation and reduced activity


30/10/2020

French life insurers recorded net inflows for September of –€0.8bn


30/10/2020

Allianz and Telefónica have reached an agreement for the creation of a joint venture to deploy Fibre-to-the-Home (FTTH) in Germany


29/10/2020

The National Association of Insurance Commissioners (NAIC) is proposing to add its new group capital calculation (GCC) requirement to the existing Insurance Holding Company Systems Model Act (Holding Company Act)


29/10/2020

Finnish pension insurance company, Elo, has further strengthened its solvency position after the third quarter (Q3), it has revealed


29/10/2020

Net income for the private US property & casualty (P&C) insurance industry dropped 26% in the first half of 2020, as the effects of COVID-19 began to hurt insurer underwriting results and investment gains, according to data analytics provider Verisk and the American Property Casualty Insurance Association (APCIA)


29/10/2020

Active engagement and stewardship have leapt in importance as a way for asset managers to drive sustainable change, Schroders Institutional Investor Study 2020 has found


29/10/2020

Adani’s insurer and Lloyd’s of London syndicate Apollo has dropped Adani’s coal project after pressure from climate campaigners


27/10/2020

Government bonds formed 52.9% of total investments made by Italian insurers in H1 2020, compared to 52.7% in H1 2019


27/10/2020

Net sales of UCITS and AIF’s totalled €30bn in August, almost €100bn lower than the €124bn recorded in July 2020, according to the European Fund and Asset Management Association (EFAMA)


27/10/2020

AIG is to separate its life insurance arm from its larger property and casualty (P&C) business


26/10/2020

Nippon Life has invested approximately JPY 11.4bn in sustainable development bonds issued by the International Bank for Reconstruction and Development (World Bank)


26/10/2020

EIOPA has launched a program of targeted training on insurance supervision for 17 national competent authorities (NCA)


23/10/2020

The Malaysian general insurance industry is expected to contract by 2.2% in 2020, primarily due to weak consumer demand and suspension of economic activity due to the lockdown restrictions in the aftermath of COVID-19 pandemic, according to GlobalData


23/10/2020

Skandia has upped its commitment to sustainable investments, after its portfolio showed signs of a “stable” recovery during Q3


22/10/2020

The Stop Adani campaign and Pacific Climate Warriors will join forces on 27 and 28 October to call on Lloyd’s of London and its members to follow the lead of 23 major insurance companies, including several Lloyd’s syndicates, and stop insuring Adani’s Carmichael coal mine in Australia


22/10/2020

Sun Life Financial intends to acquire a 51% stake in Crescent Capital Group (Crescent), worth up to US$338m


22/10/2020

The FCA and the PRA have sent a letter to the CEOs of insurance providers in the UK concerning their contingency plans once the Brexit transitional period finishes in 2021


21/10/2020

The majority of countries in the European (re)insurance sector (17 out of 31) reported a median SCR ratio of over 200%, and for all countries a median MCR above 250% for year-end


21/10/2020

Life insurance company Storebrand has seen its assets under management (AuM) increase by NOK 134bn to NOK 921bn for Q3 2020, up by 17% compared to the corresponding period last year, due to market returns and net flows from institutional customers


21/10/2020

More than three quarters of insurers (78%) have said the impact of COVID-19 is accelerating their focus on ESG


20/10/2020

US property/casualty insurers reported premium returns of $8.5bn during the first half of 2020, owing to the COVID-19 pandemic, according to a new AM Best commentary


20/10/2020

The Insurance Regulatory Development Authority of India (IRDAI) proposal to amend the regulations around investments in infrastructure investment trusts (InvITs) is expected to open an alternate source of investments for Indian insurers, according to GlobalData


20/10/2020

Robeco has expanded its insurance team by appointing Clara Yan as head of insurance analytics


19/10/2020

HM Treasury has today issued a call for evidence as part of a review into Solvency II (SII)


19/10/2020

The International Association of Insurance Supervisors (IAIS) has developed a draft application paper on the supervision of climate-related risks in the insurance sector, jointly with the Sustainable Insurance Forum (SIF)


19/10/2020

Montefiore Investment is to manage the Nov Tourisme – unlisted shares Sustainable Stimulus France fund


19/10/2020

Europe’s insurers are urging the European Commission (EC) to make European Long-Term Investment Funds (ELTIF) more attractive by making changes around fund design, portfolio composition and eligibility of investment assets


19/10/2020

Assets under management (AuM) at the world’s 500 largest asset managers exceeded $100trn for the first time in 2019 – totalling $104.4trn, according to new research published by the Thinking Ahead Institute


16/10/2020

Gross written premiums in the Hong Kong insurance industry hit $566.9bn in 2019, a year-on-year growth of 10.2%


16/10/2020

Skandia has invested SEK 365m in a water bond issued by the Nordic Investment Bank (NIB)


16/10/2020

AXA has completed the sale of its life and savings, property and casualty and pension businesses in Poland, Czech Republic and Slovakia to UNIQA, for a total cash consideration of €1bn.


16/10/2020

Aspen has appointed Tony Rai as head of Aspen Insurance UK (AIUK)


15/10/2020

Moody’s Investors Service has outlined the significant challenges for the insurance industry from the coronavirus pandemic and the consequent economic slowdown


15/10/2020

Insurance Europe believes that an appropriately designed climate change stress test could provide information to help assess industry exposures, but said liquidity risk is already well managed due to existing regulatory provisions


14/10/2020

The Achmea Innovation Fund is taking a significant non-controlling interest in Land Life Company and as a result will become the largest external investor in this reforestation company


14/10/2020

The global green bond market is set to grow from around the current level of €662/672bn to €1trn by the end of 2021 and €2trn by the end of 2023, according to NN Investment Partners (NN IP)


14/10/2020

Macquarie Infrastructure Debt Investment Solutions (MIDIS) has raised approximately €1.2bn from institutional investors to invest in sub-investment grade infrastructure debt


13/10/2020

The Australian Prudential Regulation Authority (APRA) has announced its commitment to align its prudential standards and practices with the International Association of Insurance Supervisors’ (IAIS) Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame), where appropriate


13/10/2020

With less than a year and a half to go before the London Interbank Offered Rate (LIBOR) will no longer be available, several areas of concern remain, according to a new AM Best commentary


13/10/2020

EIOPA is calling on the insurance sector to complete preparations for the end of the UK transition period


12/10/2020

State Street Corporation and investment management solutions and service provider, SimCorp, have announced their intent to form a business partnership to provide a fully integrated, front-to-back investment outsourcing solution for insurance firms in Europe, Middle East and Africa (EMEA)


09/10/2020

Analytics firm SAS has launched a new solution to help US insurers navigate and comply with the Financial Accounting Standards Board’s (FASB) Long-Duration Targeted Improvements standard – known as LDTI


09/10/2020

Nippon Life has invested JPY 1.8bn in social bonds issued by the University of Tokyo (UTokyo)


09/10/2020

Scandinavian insurance company Tryg has seen its investment income swing from DKK -29m in Q3 2019 to DKK 237m in Q3 2020


09/10/2020

Morgan Stanley is to acquire Eaton Vance, a provider of advanced investment strategies and wealth management solutions with over $500bn in assets under management (AUM), for an equity value of approximately $7bn


08/10/2020

Allianz Global Investors has appointed Matt Christensen as global head of sustainable and impact investing


08/10/2020

The US insurance industry’s foreign exposure (including bonds, common stocks [affiliated and unaffiliated] and preferred stocks) was $566bn in BACV at year-end 2019, representing a 5.2% decrease from $597.7bn in total foreign investments at year-end 2018


08/10/2020

US life insurer investment portfolio losses, which have generally been manageable amid the fallout of the COVID-19 pandemic, are expected to become more impactful to ratings in 2021, Fitch Ratings has said


07/10/2020

Almost 80% of global asset managers now explicitly incorporate qualitative or quantitative ESG factor assessments into their investment processes, an increase of 5% compared to last year


07/10/2020

MACIF has announced the launch of the MACIF Impact social and solidarity (ESS) company


07/10/2020

Allianz Capital Partners on behalf of Allianz insurance companies (Allianz) has closed the acquisition of its first renewable energy installations in Poland from ENERTRAG, consisting of nine sites split into two projects, Dargikowo and Karlino


07/10/2020

The European insurance industry is fully supportive of an EU Green Bond Standard (GBS), agrees with its proposed components and appreciates that it seeks alignment with the EU taxonomy for sustainable investments


06/10/2020

The proliferation of ETF offerings, changing regulatory treatment, availability of actively managed products, and proven liquidity are changing US institutional bond investors' (insurance general accounts) views of ETF assets, with aggressive growth expected to occur in this area


06/10/2020

German insurance company Gothaer is taking a further step towards sustainable capital investment with membership of the Global Real Estate Sustainability Benchmark (GRESB)


06/10/2020

The Australian Prudential Regulation Authority (APRA) is commencing the roll-out of a new model for assessing the risks faced by banks, insurers and superannuation licensees


06/10/2020

Swedish insurance company Länsförsäkringar Fondförvaltning has decided to remove all gambling operators from its portfolios


05/10/2020

Skandia is launching a climate roadmap that will reduce Skandia Life's holdings in fossil fuels by 75% by 2025


05/10/2020

Nigeria’s insurance market regulator, NAICOM, has agreed to further delay its revised plans to strengthen market capitalisation and limit the volume of premium flowing out of the country due to the COVID-19-driven economic slowdown


05/10/2020

Following the completion of the acquisition of Seguradoras Unidas S.A. in Portugal in January, Generali has concluded the process of the legal merger of all its 100% owned insurance subsidiaries in Portugal


05/10/2020

French life insurance continues to see a significant outflow since the beginning of the year, compared to 2019, however latest figures show unit-linked premiums are still making a major contribution to financing companies


05/10/2020

LV= is in talks with Bain Capital LP over a potential deal for a full or partial sale


05/10/2020

EIOPA is consulting on the use of climate change risk scenarios in the Own Risk and Solvency Assessment (ORSA)


05/10/2020

Insr has today approved the sale of insurance portfolios to Storebrand, initially announced in a stock exchange notification on 14 August 2020


02/10/2020

The Reserve Bank of New Zealand (RBNZ) has announced it will be commencing with a review into insurer solvency standards


02/10/2020

EIOPA has announced it is launching a European-wide study on diversification in internal models


02/10/2020

The National Association of Insurance Commissioners (NAIC) has selected Conning to provide the Association with its Economic Scenario Generator tool


01/10/2020

The Dai-ichi Life Insurance Company (DLIC) has announced that it is to introduce an ESG index as its benchmark for foreign equity investments managed in-house


01/10/2020

The Office of the Superintendent of Financial Institutions (OSFI) has released three documents that update the timelines for Canadian insurers to implement IFRS 17


01/10/2020

Macquarie Infrastructure Debt Investment Solutions has announced a £120m long-term debt investment in a portfolio of energy from waste assets operated by Viridor


30/09/2020

Everest Re has announced the appointments of Mark Kociancic as executive vice president and group chief financial officer, and Jim Williamson as executive vice president and group chief operating officer


30/09/2020

Rothesay Life has announced that an agreement has been reached by GIC and Massachusetts Mutual Life Insurance Company (MassMutual), to acquire Blackstone’s 36% shareholding in Rothesay Life


30/09/2020

LGIM Real Assets has announced the forward funding of an £81.5m mixed use regeneration scheme in Glasgow, on behalf of its Build to Rent (BTR) Fund


30/09/2020

Aviva Investors, the global asset management business of Aviva, has provided CLS Holdings with a £154m senior debt facility towards the refinancing of 12 UK assets


29/09/2020

American Equity Investment Life Holding Company, Värde Partners, and Agam Capital Management have reached an agreement in principle to form a new strategic partnership


29/09/2020

The FCA has confirmed that it has filed a ‘leapfrog’ application to appeal to the Supreme Court over the ruling of its Business Interruption (BI) insurance test case


29/09/2020

Baloise has announced a new “strategic” long-term equity investment in property technology start-up, Houzy


28/09/2020

MetLife has announced that it plans to reduce its greenhouse gas emissions by 30% from 2019 levels by 2030, and intends to originate $20bn of new green investments over the next 10 years


28/09/2020

American Financial Group (AFG) has reached an agreement to sell GAI Holding Bermuda and its subsidiaries, which comprise the legal entities that own its Lloyd’s of London insurer, Neon, to RiverStone Holdings Limited


28/09/2020

QBE Insurance Group (QBE) has announced it is signing on as a participant of the world’s largest corporate sustainability initiative, the United Nations (UN) Global Compact


25/09/2020

Leading representatives from the UK and US financial and related professional services industries have joined together to propose a united business vision for future UK-US regulatory cooperation and dialogue


25/09/2020

The European Commission’s (EC) plan to assess, as part of the Solvency II review, how the regulatory framework could be amended to further enable long-term investment by insurance companies, has been welcomed by Insurance Europe


24/09/2020

Robeco is extending its exclusion policy for fossil fuel producers and users to its entire range of strategies to help combat global warming


24/09/2020

Adjustments to Solvency II “should be coordinated as ideally as possible with the EU’s Green Deal plans”, and “not thwart them”, member of the GDV executive board and chairman of the management Jörg von Fürstenwerth has said


24/09/2020

Aviva has completed a £142m bulk purchase annuity buy-in transaction with the TI Group Pension Scheme, whose sponsoring employer is Smiths Group, a leading industrial technology company


24/09/2020

Munich Re has issued a subordinated green bond, the first in the reinsurer's history, with the volume issued amounting to €1.25bn


24/09/2020

Climate change is leapfrogging Brexit as a key risk for the insurance industry, latest research has shown


23/09/2020

The majority of global banks, asset managers, and insurers have said they are on track with their plans to migrate from IBOR-linked benchmark rates to alternative reference rates at the end of 2021, despite the disruption caused by the coronavirus pandemic, according to a survey by Moody's Investors Service


23/09/2020

The New York Department of Financial Services will begin evaluating insurers' approaches to managing climate risk, although has stopped short of imposing penalties for non-compliance


23/09/2020

Net premiums written (NPW) for AM Best-related mutuals grew by a modest 2.6% in 2019


23/09/2020

Sompo has become the first Japanese insurance company to adopt a position on coal


22/09/2020

Unipol Gruppo has completed the placement among domestic and international institutional investors of senior unsecured non-convertible notes, under its recently renewed EMTN programme, for a nominal amount equal to €750m with an issue date on 23 September and a 10-year tenor (therefore until its maturity on 23 September 2030)


22/09/2020

The sound capital positions of the insurance sector before the COVID-19 shock provided undertakings with certain buffers, according to EIOPA, with a median Solvency Capital Ratio (SCR) of 213% being recorded in Q4 2019. A deteriorating solvency position has been observed in Q1 2020, with an SCR ratio decreasing by 12pp to 200%


21/09/2020

US insurers are becoming increasingly attracted to private-equity (PE)-driven mergers and acquisitions (M&A), as “the most challenged institutional investors” continue to be “battered” by a return to ultra-low interest rates, a new report has said


21/09/2020

Achmea has proposed to distribute capital to shareholders following the results of 2019 at a value of just over €169m.


21/09/2020

Misconceptions around the suitability of timber as a major project construction material is hampering progress in in sustainable development, according to campaign group, the Time for Timber. It said insurers and investors must be more open to dialogue with the timber construction industry for the good of the economy and the environment


21/09/2020

Korea Post is hiring a domestic asset manager for a global hedge fund mandate of unspecified value for its insurance unit


18/09/2020

Zurich has announced the successful placement of €200m of dated subordinated notes


18/09/2020

Národná banka Slovenska (NBS), the Slovakian national supervisory authority, has issued an interim measure banning new business from NOVIS Insurance Company, NOVIS Versicherungsgesellschaft, NOVIS Compagnia di Assicurazioni, NOVIS Poisťovňa a.s. (NOVIS), until specified conditions are fulfilled by NOVIS


17/09/2020

The Bank of England (BoE) has announced that the UK base interest rate will remain at 0.1%


17/09/2020

Norwegian insurance company Gjensidige has decided to distribute a dividend based on the profit for the 2019 financial year of NOK 6,125m.


17/09/2020

Aberdeen Standard Investments (ASI) has announced that Mark Redman will succeed Peter McKellar as global head of private markets


17/09/2020

The China’s general insurance industry is forecast to grow by 3.8% in 2020, compared to 5.7% registered in 2019, according to GlobalData


16/09/2020

QBE Insurance Group (QBE) has grown its Premiums4Good portfolio to $904m and is on track to reach its impact investment allocation target of $1bn by 2021, according to the 2019-2020 QBE Premiums4Good Investment Impact Report.


16/09/2020

Bulk annuity sales reached a “substantial” £12.7bn in the first half of 2020, with 'repeat buyers' predominantly driving market volume, analysis by Aon has found


16/09/2020

Pension insurance company Varma is to expand its sustainable equities portfolio to up to €1bn and aims to make the entire €45bn investment portfolio carbon neutral by 2035


15/09/2020

The result of the FCA’s business interruption (BI) test case is “broadly credit negative” for UK insurers and reinsurers, Moody’s has said, but despite the outcome the financial impact on individual insurers should be “manageable, net of reinsurance”


15/09/2020

Reinsurers in the Asia-Pacific region will have to accept lower and more volatile investment yields or take on higher asset risks in the near term, and therefore may choose to revisit the management of their core business to deliver more profitable technical results, AM Best has said


14/09/2020

Aviva CEO Amanda Blanc has spent £1m on shares at the insurer


14/09/2020

Aviva has agreed to sell a majority shareholding in Aviva Singapore to a consortium led by Singapore Life. In Singapore, the new business will be initially branded as Aviva Singlife


14/09/2020

Any future intra-EU investment protection and facilitation initiative should not lead to “sudden and retroactive changes to local investment frameworks”, Insurance Europe has argued


11/09/2020

SCOR has successfully placed a dated subordinated Tier 2 notes issue in the amount of €300m


11/09/2020

Cattolica Assicurazioni has stuck to its guidance for 2020 for operating profits of €350-375m, after reporting better than expected first-half operating profit


11/09/2020

Swiss insurance companies achieved aggregate annual profits of CHF 15.2bn in 2019, which represents a 44% increase over the previous year


10/09/2020

A new report published today by the Ellen MacArthur Foundation entitled Financing the circular economy – capturing the opportunity highlights the rapid growth in investment and other financial services activity in the circular economy, and also calls on the financial sector to build on this momentum


10/09/2020

SCOR has recorded total unrealised gains on invested assets of around €680m, up €208m compared to 31 December 2019


10/09/2020

Hamilton Insurance Group has appointed Megan Thomas as chief executive officer of Hamilton Re, the company’s reinsurance and insurance platform in Bermuda


10/09/2020

Pension Insurance Corporation (PIC) completed £3.5bn of bulk annuity deals in H1 2020, down from the £6bn worth of transactions in H1 2019, its half-year results have revealed


09/09/2020

International Cooperative and Mutual Insurance Federation (ICMIF) member Folksam is investing SEK 474m in the Swedish government's first green bond


09/09/2020

The Bank of England (BoE) has today warned insurers about climate change liability risks and also the effect that climate change could have on sovereign debt


09/09/2020

Europe-based institutional investors and those from around the world expect to increase their emerging market (EM) exposures, both in equity and fixed income, according to latest research


09/09/2020

The Association of Mutual Insurers and Insurance Cooperatives in Europe (AMICE) has confirmed Oliver Scholler as a director on its board for a three year term


08/09/2020

The IAIS is exploring whether there should be a differentiated capital treatment of certain eligible infrastructure (both equity and debt) as well as strategic equity investments within the ICS


08/09/2020

General insurance business in India is expected to contract by 9% in 2020 due to COVID-19, a sharp decline from the 10% growth witnessed in 2019, according to GlobalData


08/09/2020

Moody’s outlook for the global reinsurance sector has changed to negative from stable as a
challenging operating environment in the wake of the pandemic weakens profitability, Moody’s Investors Service said in a report


07/09/2020

MAPFRE and Abante have joined forces with Macquarie to launch a €200m infrastructure fund


07/09/2020

German Investment Funds Association BVI and Insurance Association GDV are making a joint appeal to the EU Commission to regulate US rating agencies more strictly and to monitor them more closely in respect of the pricing of rating data


07/09/2020

Eight of Italy’s’ top ten insurers are likely to witness losses due to their heavy reliance to the life insurance sector, GlobalData has said


07/09/2020

Modifications to prudential frameworks, in Europe and beyond, should be comprehensively tested to ensure their effectiveness in a variety of stressed market conditions, Insurance Europe has argued


04/09/2020

The Hong Kong Insurance Authority (IA) has released provisional statistics of the Hong Kong insurance industry for the first half of 2020, indicating a growth of total gross premiums by 6% to $313.7bn over the corresponding period in 2019


04/09/2020

The Prudential Reporting Authority (PRA) has set out its expectations in respect of the reporting of sensitivities of solvency position to various changes in market conditions


03/09/2020

The Financial Supervisory Authority of Norway, Finanstilsynet, expects Norwegian banks and insurance companies to comply with the Norwegian authorities’ request to refrain from distributing dividends and repurchasing own shares at least until 1 January 2021


03/09/2020

Zurich UK has appointed Tim Bailey to the role of UK CEO, succeeding Tulsi Naidu


03/09/2020

Germany is introducing a new concept of ‘Green Twin Bonds’, where a green bond is issues with the same maturity and coupon as a conventional bond


02/09/2020

The US life/annuity industry’s net income fell by 66% in the first half of 2020, compared with the same prior-year period, driven predominantly by a 10% decline in premiums and annuity considerations


02/09/2020

Swedish insurer Folksam Group has invested SEK 10bn in the real estate credit fund Brunswick Real Estate Capital III (BREC III), its single largest investment ever


02/09/2020

The Bermuda Monetary Authority (BMA) has appointed Gerald Gakundi to the position of director, supervision (insurance)


02/09/2020

Total US insurer exposure to Other Long-Term Invested Assets was $401.8bn in BACV at year-end 2019, an increase of 10% from $365.2bn at year-end 2018, figures published by the National Association of Insurance Commissioners (NAIC)


02/09/2020

Insurance Europe is calling for the European Cental Bank's (ECB) strategy review to include a plan to exit loose monetary policy measures as quickly as possible


01/09/2020

US insurance companies reported high-yield bond exposure with a BACV of $227.5bn as of year-end 2019, which was an increase of 4.4% from $217.8bn at year-end 2018, the National Association of Insurance Commissioners (NAIC) has said


01/09/2020

Total return reinsurers are significantly underperforming the reinsurers that comprise the Bermuda composite, AM Best has said, despite having the potential to generate significantly higher investment returns than traditional reinsurers


01/09/2020

European insurers disagree with the European Commission’s (EC) belief that the “strong capitalisation of the insurance industry means that increasing capital requirements would not have an adverse impact”


01/09/2020

Brazil’s largest reinsurer, IRB Brasil Resseguros SA, has concluded a 2.3 billion reais ($420m) capital increase to address liquidity issues, but has not yet fully met regulatory requirements


01/09/2020

Björn Storim has been appointed as head of Germany, Switzerland, Austria and Central & Eastern Europe for BNY Mellon


01/09/2020

Lloyd's of London is facing calls to ditch insurance in coal and tar sands, as it reopens its underwriting hall today


01/09/2020

Ex-Governor of the Bank of England, Mark Carney, has joined Brookfield Asset Management as its head of ESG and impact fund investing


01/09/2020

Norweigian life insurer, Storebrand, rated BBB (stable) by S&P, has mandated Danske Bank and Nordea as arrangers for a new senior unsecured bond issue with an expected tenor of up to five years


27/08/2020

The International Accounting Standards Board has finalised its response to the ongoing reform of inter-bank offered rates (IBOR) and other interest rate benchmarks by issuing a package of amendments to IFRS Standards


27/08/2020

Ageas has concluded an agreement with China Taiping Insurance Holdings (CTIH) to subscribe to a capital increase of its wholly controlled subsidiary Taiping Reinsurance (TPRe) for a total consideration of HKD 3,100m (around €340m)


27/08/2020

Aon and Willis Towers Watson shareholders have approved all of the proposals necessary to complete the previously announced combination of Aon and Willis Towers Watson


27/08/2020

Mercer has announced the appointment of William Gibbons as principal in its insurance investment solutions business


26/08/2020

New capital requirements for Japanese insurers from their financial year starting April 2025 will provide greater clarity over their risks and profitability, Fitch Ratings has said


26/08/2020

HSBC Global Asset Management (HSBC GAM) and Pollination Group have entered into a joint venture agreement to establish HSBC Pollination Climate Asset Management – subject to regulatory approval


26/08/2020

European institutional investors, including insurance companies, are continuing to diversify their portfolios away from equity exposure, according to research by Mercer


26/08/2020

MetLife Investment Management (MIM) originated $6.2bn in private placement debt for the first half of 2020, across nearly 100 transactions. This included $1.7bn of investments originated on behalf of institutional clients


25/08/2020

MetLife, Aflac and Principal Financial Group have all backed a US accounting rulemaker plan to give them a year’s extension to comply with major new insurance accounting rules


25/08/2020

Storebrand has dumped its investments in Exxon Mobil, Chevron and miner Rio Tinto in protest over their lobbying against the Paris Agreement


25/08/2020

Legal & General Assurance Society Limited (Legal & General) has agreed a £275m buy-in transaction with the trustee of the Hitachi UK Pension Scheme


25/08/2020

A rising valuation in Bitcoin is not enough to entice some institutional investors into the cryptocurrency market, as many have concerns regarding the infrastructure of this sector, new research has shown


24/08/2020

Kent Sullivan has notified Governor Abbott that he will resign as Texas Insurance Commissioner in September to return to the private sector


24/08/2020

The High Court has approved the transfer of business from Legal & General to ReAssure


24/08/2020

Australia’s life insurance industry is expected to decline by 2.2% in 2020, compared to a growth of 5.1% in its pre-COVID-19 forecasts


24/08/2020

Neuberger Berman has appointed Gilles Drukier as head of insurance solutions for the EMEA region effective 3 August 2020


24/08/2020

European insurers believe that more “more prominence must be given to adaptation” around climate change


24/08/2020

The UK long-income real estate market is now worth around £30bn and continues to grow rapidly, according to a new report, with pension schemes and insurers being the primary investors


21/08/2020

Suncorp has broadened its fossil fuels policy to include restrictions on oil and gas production and exploration, making it the first insurer to adopt any policy restricting underwriting on oil & gas


21/08/2020

The Japanese life insurance market is a "blueprint" for managing low interest rates, Fitch Ratings has said


20/08/2020

Smaller municipal investment projects supporting the green restructuring of Europe “could be bundled in funds” to save costs and to aid smaller insurers which do not have the resources to manage many individual projects, the German Insurance Association (GDV) has said


20/08/2020

AIA’s operating profit after tax (OPAT) increased by 5% to $2,933m in H1 2020, reflecting what it described as the “quality and growth of in-force business”


20/08/2020

UNIQA’s investment income fell by 29% to €215.1m in H1 2020 due to write-downs on shares and fixed income securities


20/08/2020

German insurance company Gothaer is offsetting its remaining CO2 emissions through climate protection projects in countries in the global south


19/08/2020

Hong Kong’s Insurance Authority (IA) has launched a six-week public consultation on draft insurance group capital rules to tie in with the implementation of the new supervisory framework for multinational insurance groups tentatively in the first quarter of 2021


19/08/2020

The German non-life insurance market is expected to maintain strong capitalisation in 2020 and 2021, Fitch Ratings has said, supported by strong profitability and positive reserves run-off


19/08/2020

PFA Asset Management’s head of ESG, Andreas Stang, has joined insurance and pension company Topdanmark


19/08/2020

Varma has joined a group of investors calling on pharmaceutical companies to develop a coronavirus vaccine and to work together in the fight against COVID-19


18/08/2020

Allianz Benelux (Belgium) and Monument Re have agreed to transfer a closed book of classical life retail insurances together with 4,500 mortgage loans to Monument Assurance Belgium (MAB) and to transfer the related operations within 18 months after regulatory approvals


18/08/2020

Corporate bond holdings are posing a risk to insurers’ balance sheets particularly during periods of macroeconomic uncertainty, AM Best has said


18/08/2020

The risk exposures of the European Union insurance sector remain generally high compared to April as a result of the COVID-19 outbreak, EIOPA's latest Risk Dashboard has revealed


18/08/2020

More than half of institutional investors (55%) believe the majority of their ESG investments will be held in passive products such as exchange traded funds (ETFs) within the next five years, according to new research from Invesco


18/08/2020

Legal & General (L&G) has completed a £530m buy-in for the Siemens Benefits Scheme securing the benefits of more than 2,000 UK retirees


17/08/2020

Two-hundred and one mergers and acquisitions (M&A) were completed in the global insurance industry in H1 2020, up from 197 in H2 2019, according to Clyde & Co


17/08/2020

Insurance supervision in Denmark should be further strengthened by increasing on-site inspection frequency, the IMF has said, as well as completing a solid risk assessment framework, and enhancing the oversight of cross-border business


17/08/2020

Bond investment by Chinese insurance funds increased by 16.5% year-on-year (YoY), and long-term equity investment rose by 18.2% YoY, China Banking and Insurance Regulatory Commission (CBIRC) chairman Guo Shuqing has said


17/08/2020

Insurance Europe is calling for a phased-in approach to ESG disclosures that allows financial market participants to implement comparable and meaningful reports


14/08/2020

Achmea’s investment income from its own risk investment portfolio was €427m in H1 2020 down from €600m in H1 2019


14/08/2020

Storebrand Forsikring AS a wholly owned subsidiary of Storebrand ASA, has entered into an agreement with Insr Insurance Group ASA (Insr) to acquire specific insurance portfolios from Insr


14/08/2020

Total cash and invested assets of private equity (PE)-owned US insurers increased 7% to $343.5bn at year-end 2019 from $313.9bn at year-end 2018


13/08/2020

Talanx Group has made its second investment this year in a high-speed internet project in France, by committing to contribute more than €60m to an international debt financing deal


13/08/2020

Norway’s FSA is being urged to step up its risk monitoring and conduct its own stress tests of the country’s insurance sector


13/08/2020

Rothesay Asset Management North America (Rothesay Asset Management NA) has promoted Robert Allard to the newly created role of chief investment officer for the Americas, where he will lead the firm’s US investment strategy in addition to his current role as head of Rothesay’s asset management business in the US


13/08/2020

The general insurance (GI) market in China is forecast to have a compound annual growth rate (CAGR) of 4.1% between 2019 and 2023


13/08/2020

Zurich’s net investment result on group investments, which includes net investment income, realised net capital gains, and losses and impairments, contributed $2.8bn to the group’s total revenues for the first half year of 2020, down 22% on the prior-year period


13/08/2020

Dutch insurer Aegon has reported lower than expected first-half earnings, and has withdrawn
its 2019-2021 financial targets on the basis of the company’s results in the first half of 2020 and in light of the uncertain economic outlook due to the COVID-19 pandemic


13/08/2020

Legal & General has completed its eighth transaction with the ICI Pension Fund in May 2020, bringing total liabilities secured to c.£5.8bn


12/08/2020

German insurer Talanx Group achieved a consolidated profit of €325m in H1 2020 - only a third less than in the first half of 2019


12/08/2020

Admiral Group has reported net investment income for H1 2020 of £32m up from £18.3m in H1 2019


12/08/2020

Aggregated capital in the US life insurance sector would decline by $74.3bn (-35.7%) in an adverse scenario, the IMF has said, and the P&C sector would see falls of $149.8bn (-32%)


12/08/2020

The International Monetary Fund (IMF) is calling for the implementation of a total balance sheet approach to insurer solvency assessment in the USA


12/08/2020

The top ten insurers in Germany are reliant on life insurance, generating 77% of their GWP from life and health products, but may have more diversified books than other European contemporaries


12/08/2020

Rothesay Life has insured just under £930m of deferred and pensioner liabilities in the Littlewoods Pensions Scheme through a bulk annuity transaction, which was completed in July 2020


12/08/2020

The four major European reinsurers - Munich Re (Insurer Financial Strength (IFS) Rating AA/Stable), Swiss Re (IFS Rating A+/Stable), Hannover Re (IFS Rating AA-/Stable) and SCOR SE (IFS Rating AA-/Stable) - are among the top tier of global reinsurers by business profile, Fitch Ratings has said


11/08/2020

Prudential has pledged to sell all of its $5bn Jackson Life operation and has signalled that it will keep its global headquarters in London


11/08/2020

German insurer, Alte Leipziger, has signed the Principles for Responsible Investment (PRI)


11/08/2020

Total assets of Chinese insurers amounted to RMB 22trn at the end of H1 2020, up by RMB 1.4trn or 6.9% from the beginning of the year, latest figures published by the China Banking and Insurance Regulatory Commission (CBIRC) have shown


11/08/2020

AXA is considering selling its Singapore unit in a bid to raise cash


10/08/2020

Berkshire Hathaway's second-quarter net earnings attributable to shareholders rose 87% to $26.30bn from last year's $14.07bn, as the value of its investment portfolio increased with the stock market


10/08/2020

The Reserve Bank of New Zealand (RBNZ) is publishing an amended Insurer Solvency Return and Guidance Note (v5.3) in force from 1 September 2020 to improve the information provided through projections of solvency


07/08/2020

Ageas's six month group net result stood at €791m for 2020, up from €606m in HY 2019 and includes the gain on the FRESH transactions of €332m


07/08/2020

Bermuda-based specialty reinsurer Third Point Reinsurance and multi-line re/insurer Sirius International Insurance Group have entered into a definitive agreement for Third Point Re and Sirius Group to combine in a cash and stock transaction valued at $788m


07/08/2020

The ABI has appointed Tavaziva Madzinga, CEO, Swiss Re, UK & Ireland (UKI) to its board


06/08/2020

Phoenix Group's acquisition of ReAssure Group has brought an additional £7bn of long-term cash generation and has enabled it to increase its 2020 cash generation target range from £800m-£900m to £1.5bn-£1.6bn


06/08/020

Aviva chief executive Amanda Blanc has hinted she could pull the insurer out of most of its international markets as she focuses the group on the UK, Ireland and Canada


06/08/2020

MetLife's profit slid to $68m in Q2 2020, down 96% from a year earlier, on sluggish investment income, according to its latest financial results


06/08/2020

The Talanx Group is further expanding its sustainable investment strategy with a credit-insured project bond of €250m, financing two Spanish solar projects with 50 MW capacity each


06/08/2020

56% of insurers see data calculation as the biggest IFRS 9 challenge, a new survey from Clearwater has revealed


06/08/2020

Asia Capital Reinsurance Group (ACR), a Singapore-headquartered reinsurance business, has implemented Clearwater for automated investment investment data aggregation, investment accounting and investment reporting


06/08/2020

One hundred and forty environmental, indigenous and activist groups, whose signatories represent more than 24 million members, are urging insurers including Lloyd’s of London to drop their coverage of the Trans Mountain tar sands pipeline in an open letter


05/08/2020

Allianz has announced a 19% Y-O-Y fall in operating profit for Q2 2020 to €2.6bn


05/08/2020

Legal & General has reported a half-year operating profit of £1.13bn, slightly down on the £1.154m posted a year ago


05/08/2020

Hastings has agreed to be bought by Finland’s Sampo and South Africa’s Rand Merchant Investment (RMI) in a cash deal valuing it at £1.66bn ($2.2bn)


05/08/2020

The number of US life/annuity (L/A) companies considering non-interest-sensitive investment strategies in the last 10 years is more than double those deemed interest-sensitive, AM Best has said


05/08/2020

Direct Line has seen its investment return fall by 45.4% between H1 2019 and H1 2020


05/08/2020

Luxembourg’s insurance market saw premiums fall by 19.54% during Q2 2020 compared to the same period of the previous fiscal year


05/08/2020

Insurance Europe has welcomed the European Commission’s (EC) objectives set out in its roadmap for the Capital Markets Union (CMU) action plan, but highlighted that priorities should remain around addressing regulatory barriers to long-term and sustainable investment


05/08/2020

European insurers are calling for free access to credit ratings for internal and regulatory purposes


04/08/2020

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


04/08/2020

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

According to its latest financial results, the decrease was as a result of $276m in private-equity losses compared with $238m in private-equity income a year ago


04/08/2020

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


04/08/2020

Covéa is to invest a total of €1.5bn with Exor and in special purpose reinsurance vehicles managed by PartnerRe


03/08/2020

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


03/08/2020

CNP Assurances saw its dividends received in its French arm fall by €283m in H1 2020, causing a €60m reduction in revenue from own-funds portfolios, and requiring €17m (net of hedging) to be set aside in the guaranteed yield reserve


03/08/2020

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


03/08/2020

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


03/08/2020

The European Insurance and Occupational Pensions Authority (EIOPA) has launched its first Single Rulebook


31/07/2020

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


30/07/2020

Profitability of the investment portfolio is the key risk and challenge in terms of materiality for insurers, EIOPA has said.

The authority conducted a qualitative questionnaire among national competent authorities (NCAs) in order to assess the materiality of risks stemming from the COVID-19 shock to the financial stability of the insurance sector, and found that the solvency position, exposure to banks, underwriting profitability, concentration to domestic sovereign and cyber risk are the other main risks.


29/07/2020

Chubb has reported a net loss of $331m in Q2 2020, compared with net income of more than $1.1bn in the same period last year, as net catastrophe losses reached $1.51bn due to COVID-19


29/07/2020

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


29/07/2020

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


28/07/2020

The surplus for the private US P&C insurance industry dropped by $75.9bn in the first quarter of 2020—its largest-ever quarterly decline—as the stock market suffered a major downturn, according to Verisk and the American Property Casualty Insurance Association (APCIA)


28/07/2020

The Association of British Insurers (ABI) has appointed Charlotte Clark as director of regulation, replacing Hugh Savill who is retiring at the end of the year


28/07/2020

Hong Kong’s HKD552bn ($66bn) insurance industry is set to grow by just 1.46% in 2020, compared to 6.3% in 2019, due to the economic impact of COVID-19 outbreak


28/07/2020

Insurance and reinsurance undertakings should now be in a condition to comply with the deadlines set out in the Solvency II framework, EIOPA has said


27/07/2020

Fifty-eight per cent of insurers are unlikely to make external manager terminations based on disappointing 2020 performance, latest data has revealed


27/07/2020

MAPFRE’s earnings at the end of June was €271m, 27.7% lower than the result obtained between January and June of the previous year due to the impact of COVID-19


27/07/2020

A group of financial sector associations – including Insurance Europe – has written to the European Commission (EC) to warn against proposals to introduce a new definition of “sustainability preferences” across the delegated acts of MIFID II, the Insurance Distribution Directive (IDD) and Solvency II


24/07/2020

Thailand's non-life insurance market is expected to contract by 5.6% in 2020, according to GlobalData, as a result of the "severe impact of COVID-19"


24/07/2020

French life insurers recorded net inflows of -€0.7bn in June 2020


23/07/2020

Beazley achieved strong growth of 12% in H1 2020 with premiums increasing to $1,663.9m (2019: $1,483.6m)


23/07/2020

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


23/07/2020

China’s banking and insurance regulator, CBIRC, is raising the equity investment cap for insurers to 45%, in an effort to bring more long-term funds into the capital market


23/07/2020

SCOR’s total investments reached €28.8bn in H1 2020, up 4.6% on H1 2019 (€27.5bn)


23/07/2020

Zurich, the lead insurer for Canada’s controversial Trans Mountain tar sands pipeline, has decided not to renew cover for the project