Investment Officers
Investing in Innovation: AXA VC Fund Backing Climate Impact, Airfare Predictors
In late February, AXA announced the launch of €200 million ($291 million) venture capital fund backing startups bringing innovations to the insurance, asset management, financial technology and ...
Allianz P/C Earnings Hit Below Expectations
German insurer Allianz raised its dividend by less than expected after earnings in its core property and casualty insurance businesses lagged and asset management stalled following client defections ...
Allstate Sees Energy Bond Losses Deepen As Oil Prices Plunge
Allstate Corp., the largest publicly traded U.S. seller of auto and home insurance, said gross unrealized losses widened on energy bonds in the fourth quarter as crude prices plunged. Losses climbed ...
Chinese Insurer to Grab Starwood Capital’s Baccarat Hotel in NYC
Barry Sternlicht's Starwood Capital Group agreed to sell New York's luxury Baccarat Hotel to an affiliate of China's Sunshine Insurance Group. The 114-room property on Manhattan's West 53rd Street is ...
Zurich Insurance May Sell Stake in Money Manager Firm
Zurich Insurance Group AG, Switzerland's largest insurer, hired Evercore Partners Inc. to value its majority stake in Seven Investment Management LLP, a person with knowledge of the matter said. ...
Risky Mortgage Bonds Returning Under a New Name
The business of bundling riskier U.S. mortgages into bonds without government backing is gearing up for a comeback. Just don't call it subprime. Hedge fund Seer Capital Management, money manager ...
Green Bonds Issuance is Soaring Despite Fuzzy Standards
Issuance of green bonds for companies working on battling climate change are booming, but investors say the label needs safeguards against bogus proposals that could sour retail buyers and wealth ...
Travelers: $224M in Energy-Related Junk Bonds is ‘Manageable’
Travelers Cos., the lone property-casualty insurer in the Dow Jones Industrial Average, had about $224 million of energy-related bonds that were rated below investment grade as of Dec. 31. The ...