Investment Officers
Swiss Re Sells Off All of Its Euro-Denominated Covered Bonds
Swiss Re AG, the world's second-biggest reinsurer, sold its holdings of euro-denominated covered bonds as the European Central Bank gobbles up the highly-rated debt. The company is the latest ...
Munich Re Loses $800M on Derivatives Contracts in Q1
Munich Re, the world's biggest reinsurer, took a 706 million-euro ($800 million) loss on derivatives contracts in the first quarter, caught off guard by a rally in stock markets. The majority of the ...
Allianz Profit Soars Even as It Deals With PIMCO Setbacks
Allianz SE, Europe's biggest insurer, said first-quarter profit climbed 11 percent, even as investors withdrew funds from its asset manager Pacific Investment Management Co. The shares surged the ...
Proposed IRS Rules Could Threaten Paulson, Highbridge Bermuda Ventures
Investment vehicles set up by Paulson & Co. and Highbridge Capital Management in tax-friendly Bermuda may be under threat from the U.S. Internal Revenue Service. The IRS, in proposed rules ...
Insurer Pessimism Grows Over Investing Opportunities: Goldman Sachs
Insurers are increasingly pessimistic about investment opportunities and wary about everything from an economic slowdown to credit and market volatility, a new Goldman Sachs Asset Management industry ...
BlackRock CEO: Low Interest Rates Threaten Insurers and Pension Funds
Low interest rate policies by central banks around the world are threatening insurance companies and pension funds, said Laurence D. Fink, chief executive officer of BlackRock Inc., the world's ...
Willis to Compete With Banks Pursuing Asia M&A
Willis Group Holdings Plc's Rafal Walkiewicz and Michael Guo, who were promoted last week to lead the investment-banking operation, are focusing on Asia as they vie with Wall Street in advising ...
Fairfax Financial Will Sell 30% of Brit Plc to Ontario Pension Fund
Fairfax Financial Holdings Ltd. will sell as much as 30 percent of Brit Plc to the Ontario Municipal Employees Retirement System two months after agreeing to buy the Lloyd's of London insurer for ...