Investment Officers
AIG, Other Insurers Emerge as Financial Supermarkets as Banks Spurn Risk
When all else fails, lend. That's the strategy of some of the biggest U.S. insurers as they seek higher returns in an investment universe where buying bonds sometimes means guaranteed losses. The ...
The Hanover Barely Ekes Out Q2 Profit, Thanks to Losses at Lloyd’s Chaucer Arm
The Hanover Insurance Group barely eked out a profit in the 2016 second quarter; large losses and catastrophe hits sustained by its Chaucer division are generally to blame. Net income came in at $2 ...
Brit Builds on Expansion Strategy With South African Company Investment
Brit Ltd., the global specialty insurer and reinsurer, announced it has made a significant strategic investment in Camargue Underwriting Managers, one of South Africa's providers of specialized ...
The Hartford is Rare Insurer to Protect Investments From Climate Change Risks: Analysis
Insurers manage a large chunk of the world's investment capital, but they're not acting fast enough to protect their investments from the adverse effects of climate change, the Asset Owners ...
Q1 Troubles: Catastrophe Losses Knocked Net Income Down 26.6 Percent
Severe weather and the hefty insured losses that followed helped produce a 26.6 percent plunge in U.S. property/casualty insurers' net income during the 2016 first quarter, a new industry study has ...
Bermuda Insurance Industry Poised for Double-Digit Growth Through 2019
The Bermuda insurance industry is projected to grow at a steady pace as a result of new regulations and consistent growth in external business, such as offshore and captive, according to a new report ...
Allstate Chief Looking for Dealmaker to Oversee $79B Investment Portfolio
Allstate Corp. Chief Executive Officer Tom Wilson is looking for more than a bond buyer as he seeks an investment manager to run the insurer's $79 billion portfolio. "We need somebody who knows ...
Insurers, Banks See Red Flag in British Property Panic
The run on British property funds has drawn attention to the vulnerability of the commercial real estate sector, largely funded by domestic banks and building societies but increasingly by foreign ...