Assets & Investments
China’s Ping An Insurance Invests in German Fintech Incubator
Ping An Insurance Group Co., China's biggest insurer by market value, led investors in injecting 41.5 million euros ($47 million) into Germany's Finleap GmbH in its latest round of funding. The ...
Allianz: Combined Ratio Drops, 2018 Profit Predictions Reach High End of Target Range
Allianz is "highly likely" to reach the upper half of its 2018 profit target range, Chief Financial Officer Giulio Terzariol said as the German insurer cited lower costs and claims in its third ...
The Hartford Boosted Q3 Profit With Lower Taxes, Higher Premiums and Acquisition Bounty
The Hartford booked significantly higher net income during its 2018 third quarter, thanks largely to higher returns in several lines and lower taxes. Third quarter 2018 net profit came in at $427 ...
New Mortgage Bond Offerings Minimizes Hurricane Risk Even When Storm Strikes
Hurricane Florence damaged some 30 Invitation Homes Inc. residential properties when it walloped the Carolinas in September, but that hasn't kept the houses out of a new mortgage-backed securities ...
Report: China Encourages Its Insurers to Help Address Share-Backed Loan Risks
China is encouraging insurers to invest in listed companies and help cut liquidity risks connected with the pledging of firms' shares to secure loans, the China Securities Journal reported on ...
Opinion: Catastrophe Bonds Are a Smashing Success
Leave it to catastrophe bonds to be among the most well-functioning debt markets out there. Issuance of "cat bonds" has climbed to more than $11 billion this year, about the same as this time in ...
Aspen Insurance Will Go Private in $2.6B Sale to Investment Manager Apollo
Aspen Insurance Holdings Ltd said on Tuesday certain funds affiliated to alternative investment manager Apollo Global Management LLC will take the insurer private in an all-cash transaction valued at ...
Buffett’s Berkshire Hathaway Buys More Apple, Boosts Stakes in Teva, Goldman Sachs
Warren Buffett's Berkshire Hathaway Inc boosted its investments in Goldman Sachs Group Inc and Israel's Teva Pharmaceutical Industries Ltd during the second quarter and confirmed it has expanded its ...