LATEST NEWS
- Italian insurers see average reduction of 7% in asset values
- US P&C industry’s surplus level decreases by 9.3% to $744.9bn in Q1 2020
- US legislators urge Liberty Mutual to cease fossil fuel ties
- LV= turns to four new asset classes to mitigate COVID-19 hit
- No mandatory debt maturities help European reinsurers’ liquidity resilience during COVID-19 pandemic
US P&C industry’s surplus level decreases by 9.3% to $744.9bn in Q1 2020
The US property/casualty (P&C) industry’s surplus level decreased by 9.3% to $744.9bn in the first quarter of 2020, compared with year-end 2019, based on preliminary results published by AM Best
US legislators urge Liberty Mutual to cease fossil fuel ties
Thirty-eight state Massachusetts senators and representatives have called on Boston-based insurance company Liberty Mutual to address its role in driving climate change and cut ties with fossil fuel projects and companies
LV= turns to four new asset classes to mitigate COVID-19 hit
A refreshed investment strategy is helping LV=’s smoothed managed funds reduce the effects of stock market volatility caused by coronavirus
Other News Stories...
BLOG: Stress Testing in the Pandemic
by Daniel Finn, Head of Risk Solutions, North America, Conning and Matt Lightwood, Director, Risk Solutions, Conning
SCOR joins US-convened Net-Zero Asset Owner Alliance
SCOR has strengthened its sustainable actions towards a low-carbon economy within its investment portfolio and has joined the Net-Zero Asset Owner Alliance
Lloyd's Part VII transfer moves ahead
Lloyd’s of London has received approval from the High Court of England and Wales for its Part VII strategy for notifying policyholders about the proposed transfer. This includes detailed plans to ensure customers understand the transfer process, as well as providing assurance of the validity of their policies being transferred to Lloyd’s Insurance Company S.A. (Lloyd’s Brussels)
No mandatory debt maturities help European reinsurers’ liquidity resilience during COVID-19 pandemic
European reinsurers have shown capital and liquidity resilience during coronavirus, Fitch Ratings coronavirus pandemic stress test has shown
PRA publishes statement around PPP under SII
The PRA has today published a supervisory statement (SS) setting out its expectations of firms in accordance with the requirements under the Prudent Person Principle (PPP) under the Solvency II (SII) Directive
South Korea's non-life insurance sector has market segment outlook revised to negative
South Korea's non-life insurance sector has had its market segment outlook revised to negative from stable due to the sector's deteriorated loss ratios in major business lines, escalated pressure on investment earnings amid a historic low interest rate environment and increased asset risk due to capital market volatility
CNP Assurances announces withdrawal from tobacco
CNP Assurances has announced its withdrawal from tobacco by signing up to the Tobacco-Free Finance Pledge
Latest Features
'Double-hit' scenario to cause €160bn EU insurer balance sheet plunge
A 'double-hit' scenario across Europe is to have a negative impact worth €160bn on the undertakings balance-sheets of EU-wide insurers and for a 'low-for-long' scenario an impact of €100bn, according to EIOPA's latest insurance stress test report
Insurance Europe 'puzzled' by length of EIOPA's stress test recommendations
Insurance Europe is 'puzzled' by the long list of supervisory actions recommended by EIOPA arising from its latest stress test report
Real estate debt: how to target better outcomes from private debt investment
Careful underwriting of real estate debt can provide downside protection for insurers’ portfolios as the market cycle turns, says M&G’s Real Estate Debt Finance director Duncan Batty
Real estate debt: a compelling investment case for insurers
Insurance companies are increasingly seeking investments that offer both attractive returns and make efficient use of capital. A growing number are recognising the valuable role that real estate debt – specifically senior mortgages on commercial property – can play within a core fixed income portfolio – and the multiple benefits it can offer large-scale investors with longer investment horizons and capacity to accept illiquidity
Expert Views
How can we rethink insurance investment to solve the complexity challenge?
The model of insurance investing has been upended since the financial crisis by a confluence of
challenges. New assets, strategies and partnerships have the potential to help insurers
cut through this complexity and deliver sustainable solutions
Expert Views
New Rules, New opportunities: A return to European ABS for insurers?
At the height of the global financial crisis, insurance company investors withdrew from
the securitised debt market and sold down their asset-backed securities (ABS) holdings.
But a decade on, new regulation offers the potential for securitised debt to re-emerge
as an attractive investment opportunity for Solvency II-regulated insurers,
believes James King, Fund Manager at M&G Investments
DIVERSIFIED PRIVATE CREDIT
Editor Adam Cadle talks to BNP Paribas Asset Management head of pension solutions Julien Halfon about investing in diversified private credit
Emerging Market Debt
Editor Adam Cadle talks to BNP Paribas Asset Management head of emerging markets debt Bryan Carter about the asset class and the opportunities in this space
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HSBC: Asian credit
Adam Cadle talks to HSBC Global Asset Management global head of insurance segment Andries Hoekema and head of insurance business EMEA Deepak Seeburrun about investing in Asian credit for European insurers
Financial Results
