Assets & Investments
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 ...
AXA Chief Outlines Climate Strategy
AXA Chairman and CEO Henri de Castries spoke at Climate Finance Day on May 22 in Paris. The following are his remarks in which he discusses what climate change means for the insurance industry as ...
Insurer AXA Joins Coal Divestment Movement Over Climate Change Risk
France's largest insurer will scrap holdings in coal companies because of concerns about climate change, broadening support for the fossil-fuel divestment movement to a major mainstream investor. AXA ...
Swiss Re Predicts More M&A Due to New Regs and Capital Surge
New regulations and an influx of alternative capital will spur more mergers and acquisitions in the insurance industry, Swiss Re AG said. "We expect to continue to see a certain shakeout in the ...
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 ...
S&P Will Pay $1.5B to Settle Suits Over Inflated Subprime Mortgage Bond Ratings
S&P, a unit of McGraw Hill Financial Inc., will pay more than a year's profit to settle suits that it inflated ratings on subprime mortgage bonds at the center of the 2008 financial crisis. ...
Chubb’s Combined Ratio Improves, But Q4 Profit Dips
Chubb Corp., the insurer of high-end homes and mega-yachts, said fourth-quarter profit fell 1.9 percent as investment income declined. Net income dropped to $558 million, or $2.35 a share, from $569 ...
Verisk: Cat Bond Issuance Hit Record Levels for Second Year in a Row
For the second year in a row, catastrophe bond issuance has hit record levels, an annual tally from the Property Claim Services unit of Verisk Insurance Solutions has concluded. Bond levels reached ...