Assets & Investments
Travelers’ Q4 Profit Jumps Nearly 9 Percent; High Private Equity Returns Helped
Travelers Cos., the only property-casualty insurer in the Dow Jones Industrial Average, said fourth-quarter profit jumped 8.9 percent as investment income improved and the company recorded a gain ...
Davos Report Calls for Businesses to ‘Unlock’ $12 Trillion in Opportunities
Companies could unlock at least $12 trillion in market opportunities by 2030 and create up to 380 million jobs by implementing a few key development goals, according to a study by a group including ...
Allstate’s New Investor Group Seeks to Boost Returns for Alternative Investment Portfolio
Allstate is gearing up for 2017 with six new executives it hired to help boost returns and widen the reach of its alternative investment portfolio. They will pursue what the insurer refers to as ...
Watsa’s Fairfax Reportedly Wants Ontario Pension Fund to Back $4.9B Allied World Buy
Prem Watsa's Fairfax Financial Holdings Ltd. is in talks with the Ontario Municipal Employees Retirement System to see if the pension fund will help finance his $4.9 billion takeover of Allied World ...
2016 Cat Bond Issuance Nears 2015 Levels, Drops From 2014 Heights
A strong fourth-quarter rally helped make 2016 catastrophe bond issuance only slightly lower than the year before, according to the Property Claims Services unit of Verisk Insurance Solutions. But ...
Dwindling Investment Returns, Heavy Competition Erode Insurance Industry Fundamentals
The ongoing pressures of diminishing investment returns, dwindling loss reserves and intense competition are beginning to erode industry fundamentals, cautioned A.M. Best in a special report titled ...
AIG to Lose $430M on Fuji Sale, Gain $300M on Seoul Transaction
American International Group Inc., the insurer that's shrinking to free up capital for shareholder buybacks, said it expects to book a loss of about $430 million on the previously disclosed deal to ...
China’s Anbang Insurance Reportedly May Grab $2.3B in Blackstone-Owned Japanese Property
China's Anbang Insurance Group Co is in talks to buy as much as $2.3 billion in Japanese residential property assets from Blackstone Group , two people involved in the discussions said, in what would ...