News and Videos about Insurers from Pensions & Investments
Philips does pension buy-in with Prudential for U.K. plan
truePhilips Pension Fund, Guildford, England, entered into a £300 million ($509.4 million) pension buy-in with Prudential U.K., its second buy-in in the past year.
DeAWM selects head of U.K., global head of insurance and pension solutions
trueRandy Brown was named managing director and head of the U.K. and global head of insurance and pension solutions at Deutsche Asset & Wealth Management.
HSBC Life sells pension business to Swiss Re subsidiary
trueHSBC Life (U.K.) agreed to sell its U.K. pension business to Admin Re, a subsidiary of Swiss Re.
Sun Life Investment Management picks Qatar Foundation CIO as president
trueCarl Bang was named president of Sun Life Investment Management, a new third-party money management business targeting Canadian defined benefit pension funds and other institutional investors.
Prudential Fixed Income appoints structured products managing director
trueJohn Vibert was named managing director, structured products, at Prudential Fixed Income.
Executives split over possible pension risk transfer crunch
trueA growing number of large pension risk transfer deals in the U.K. and U.S., coupled with an anticipated influx of deals across both markets, have left industry executives split over the potential for a capacity crunch.
Pensions rule changes to increase market capacity
trueWhile executives working in the risk transfer market argue over whether a capacity crunch is approaching, they agree on one thing: Recent changes to the U.K. pensions market could encourage new players to the bulk annuity market.
LGIM assets climb 3% in quarter, 5% for year
trueLegal & General Investment Management's assets under management increased 3% to £463 billion ($776.5 billion) for the three months ended March 31, and 5% from a year ago, boosted in particular by growth in international assets.
Towers Watson appoints senior insurance investment consultant
trueKeith Goodby was appointed senior investment consultant within Towers Watson's insurance investment advisory group.
GSAM: Insurance CIOs investment optimism unchanged from 2013
trueInsurance companies are tentative about investment opportunities and recognize the need to enhance portfolio returns in order to combat the low-yield environment, according to the annual Goldman Sachs Asset Management Insurance Survey.
Legal & General Investment Management's head of Europe and Middle East leaves
trueHugh Cutler has left his role as head of Europe and Middle East at Legal & General Investment Management, said a spokesman for the money manager.
J.P. Morgan Asset Management gets $12 billion assignment from Resolution Life
trueResolution Life Holdings hired J.P. Morgan Asset Management to run its $12 billion fixed-income portfolio.
Saskatchewan Government Insurance looking for investment consultant
trueSaskatchewan Government Insurance issued an RFP for a consultant for the investment portfolios of its four insurance companies, with a combined C$2.5 billion (US$2.27 billion) in assets, and the group's C$34 million defined benefit plan.
PineBridge Investments adds institutional sales, consultant relations positions
trueStephen Keep was named senior vice president, institutional sales, at PineBridge Investments, while Gene Guevara was named vice president of consultant relations at the firm.
MetLife chooses head of U.S. pensions
trueWayne Daniel was named vice president, U.S. pensions, at MetLife.