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Insurers Plan to Increase Alts Allocations
Carriers have an optimistic outlook but are also signaling caution by reducing risk, according to Conning.
Investors are seeking safe havens and new geographic opportunities as the world becomes more fractured.
Chevron and smaller companies bet that animal fats, trash and sugar, among other offbeat things, will power airplanes.
The U.S. asset manager, which focuses on insurance, will keep CEO Woody Bradford.
The industry also is expanding its exposure to stocks and alts, amid rising rates.
Job growth, debt, and general economic sluggishness weigh on the laggards, Conning says.