More than three quarters of insurers (78%) have said the impact of COVID-19 is accelerating their focus on ESG.
According to a new report published by BlackRock capturing the insights of 360 senior executives across 25 major insurance markets, over 50% of respondents have invested in specific ESG strategies in the last year, and a further 52% have made ESG a key component of their investment risk assessment for new investments. Nearly one in three (32%) have turned down an investment opportunity in the last 12 months due to ESG concerns.
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
HM Treasury has today issued a call for evidence as part of a review into Solvency II (SII)
Life insurance company Storebrand has seen its assets under management (AuM) increase by NOK 134bn to NOK 921bn for Q3 2020, up by 17% growth in the corresponding period last year, due to market returns and net flows from institutional customers
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
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
Sun Life Financial intends to acquire a 51% stake in Crescent Capital Group (Crescent), worth up to US$338m
Skandia has upped its commitment to sustainable investments, after its portfolio showed signs of a “stable” recovery during Q3