Corporate Moves
KKR, USI Insurance Buy USI Shares From CDPQ
KKR is increasing its equity in the insurance broker and consultant to continue driving long-term growth.
Tag: insurance
Corporate Moves
Fidelity Forms Bermuda Reinsurance Firm Focused on PRT
The reinsurer was set up to manage risk from the booming pension transfer and retail annuity markets.
Corporate Moves
Conning Acquired by Italian Insurer Generali
The U.S. asset manager, which focuses on insurance, will keep CEO Woody Bradford.
Asset Allocation
Re-Mixing Asset Allocation: Insurers Decrease Bonds, Then Do a Partial Reversal
The industry also is expanding its exposure to stocks and alts, amid rising rates.
Risk
CalPERS, CalSTRS, Genworth Among Those Affected by MOVEit Data Breach
Third-party vendor PBI Research Services is blamed for not initially revealing the scope of the hack.
Asset Allocation
Insurers Eye Riskier Investments, One-Third Make Major Changes
Impact investing and longer-duration bonds are on the buy list, says Nuveen.
News
Ping An Investments Aligned With China’s Green Transition Policy, CIO Says
Insurer sets 20% annual growth targets for its green investments.
Newsmakers
Prudential Names Don Guo Group CIO
Guo joins the insurance giant from Catalina Holdings, where he was CIO of Asia and Europe.
Regulation
DOJ Lawsuit Could Hurt Aon-Willis Towers Watson’s Chances in Europe
Legal action could influence whether the European Commission approves the $30 billion acquisition.
Pensions
Special Report: How to Ensure a Smooth Pension Risk Transfer
Without thoughtful preparation, offloading liabilities can be a costly and time-consuming endeavor.
Pensions
Swiss Life Admits to Conspiring to Cheat IRS
The insurance giant will pay more than $77 million for helping taxpayers hide nearly $1.5 billion from IRS.
Pensions
Insurers Have Been Draining Funds from New Jersey’s Pensions for 15 Years
Report calls 2006 policy that shifted financial obligations for employee injuries to pensions ‘a windfall to insurers.’
Asset Management Culture
Scottish Widows to Divest £440 Million from Firms That Fail ESG Standards
UK insurance and pension provider targets companies that it says pose the most severe investment risks.
Corporate Moves
New York Times Makes $235 Million Pension Risk Transfer to MassMutual
About 1,850 affected retirees will continue to receive payments from the life insurer.
The Imitation Game: How AI Should Buoy Insurers—and Pension Risk Transfers
Also, as investments, carriers likely will grow more attractive, thanks to machine learning helping to customize pricing, reduce costs, and flag fraudulent activity.