Assets & Investments
German Finance Minister Vows to Help Insurers Burdened by Low Interest Rates
German Finance Minister Wolfgang Schaeuble issued an unusual warning to the European Central Bank on Thursday, saying rate decisions must not offer "false stimulus" and that monetary policy alone ...
Obama Administration Opposes Privatizing Fannie Mae, Freddie Mac
President Barack Obama would reject proposals by hedge funds to recapitalize Fannie Mae and Freddie Mac, National Economic Council Director Gene Sperling said. "I want to make clear, the Obama ...
State Farm Sold 23 Buildings in Leaseback Deal with Lone Star
Lone Star Funds, the private-equity firm led by Chairman John Grayken, bought 23 buildings from State Farm Mutual Automobile Insurance Co. and will lease them back to the largest U.S. ...
XL, Stone Point Name McKeown CEO of New Investment Manager
XL Group plc has appointed industry veteran Chris McKeown as chief executive officer of New Ocean Capital Management Limited, the investment management company recently formed by XL and funds managed ...
Insurers Express Interest in Fund to Protect Customers of Bankrupt Brokers
Eight private insurers have expressed interest in participating in a fund to provide insurance for losses suffered by customers of futures brokers that go bankrupt as in the cases of MF Global and ...
Swiss Re Acquiring Stake in Brazil’s Sul America
Swiss Re Ltd., the world's second- largest reinsurer, agreed to buy an 11 percent stake in Sul America SA from ING Groep NV to expand in Brazil. The reinsurer will also purchase a 3.8 percent holding ...
Zurich Insurance Investing $1 Billion in Green Energy Bonds
Zurich Insurance Group AG, Switzerland's biggest insurer, said it will spend as much as $1 billion on green bonds, making it the largest investor in such clean-power securities. The insurer has ...
Allianz Expects Boost from Asia, Brazil, East Europe Markets and Cyber Liability, Energy Products
Allianz SE, Europe's biggest insurer, said markets such as Asia, Brazil and eastern Europe as well as products that protect against cyber risks will increase revenue at its industrial insurance unit. ...