asset management News
France’s AXA Unloads SunLife Arm, Reveals New Management Team
AXA SA sold its SunLife unit in the U.K. to Phoenix Group Holdings and announced the top-management team that will work with incoming Chief Executive Officer Thomas Buberl when he takes the helm in ...
Allianz Asset-Management Profit Plunges 17 Percent Due to PIMCO Struggles
Allianz SE's asset-management unit, struggling to contain outflows at Pacific Investment Management Co. over the past three years, reported a 17 percent decline in first-quarter earnings as outflows ...
Conning to Buy Octagon, Add $12.8B of Assets
Asset manager Conning has agreed to buy Octagon Credit Investors to push into below-investment-grade debt markets. Octagon, which oversees $12.8 billion in assets, focuses on collateralized loan ...
Once Again, Leading Asset Managers Reject Global Risk Reduction Rules
The world's multi-trillion dollar asset management industry has presented a united front to reject proposals aimed at mitigating risks in the sector, even after they were revised by regulators. The ...
Low Interest Rates ‘Quite Harmful’ to Insurers: Blackrock CEO
Lowering interest rates around the world to boost the global economy has reached a point where it is now "quite harmful" to clients, including pension funds and insurers, BlackRock Inc. Chairman and ...
Marsh & McLennan Division to Grab Investment Management Firm
Marsh & McLennan Cos., the largest insurance broker by market value, agreed to buy SCM Strategic Capital Management AG as its Mercer unit expands in alternative investments. SCM, which oversees ...
Securian to Buy $16.4B Asset Manager From Stone Point
Securian Financial Group Inc., the insurer formed in 1880, agreed to buy a majority stake in Asset Allocation & Management Co. from a private-equity fund overseen by Stone Point Capital LLC. The ...
Top 10 Insurance Asset Managers Revealed; Market Forces Heighten Competition
Prior to the climactic year of 2008, insurance investment outsourcing had already been growing in a healthy fashion, but the financial crisis and ensuing developments have prompted greater sharing of ...