News and Videos about Insurers from Pensions & Investments
Conning appoints head of pensions and LDI solutions
trueOwais Rana was named managing director, head of pensions and liability-driven investment solutions at Conning.
Prudential changing money manager's name to reflect global focus
truePrudential Investment Management is getting a new name. The Newark, N.J.-based investment management business of Prudential Financial Inc. plans to change its name to PGIM Inc., effective Jan. 4.
Conning to acquire Octagon Credit Investors
trueConning agreed to acquire Octagon Credit Investors, a manager of specialized credit asset classes with expertise in collateralized loan obligations, bank loans and high-yield bonds.
BlackRock survey: 42% of insurers looking to pare equity holdings
trueForty-two percent of insurance companies said they are likely to decrease their equity investments over the next 12 to 24 months, a BlackRock survey found. The same percentage said they would maintain their equity exposure, while only 13% indicated they would increase allocations to stocks. Three ...
Nippon Life boosts stake in Mumbai's Reliance Capital Asset Management to 49%
trueNippon Life Insurance Co. reached an agreement with Mumbai-based Reliance Capital Ltd. to boost its stake in Reliance Capital Asset Management to 49% from 35%, a Tokyo-based spokesman said.
Society of Actuaries: Updated mortality data could reduce pension liabilities
trueNew mortality data released by the Society of Actuaries Thursday show smaller improvements in longevity than previously reported last year that could slightly reduce liabilities for pension plan sponsors.
Busy quarter expected for pension risk transfer
trueCorporate pension plan sponsors are continuing to shed liabilities through lump-sum offers and group annuity purchases from insurers, leading some consultants to predict an eventful fourth quarter.
New York Life Investment Management appoints CIO
trueJae Yoon was named chief investment officer of New York Life Investment Management, spokeswoman Jacqueline Meere said.
AIG wins narrowing of 'opt-out' shareholders securities claims
trueAmerican Group International Group Inc. won a decision that narrowed the claims by six investment funds that opted out of a $970.5 million class-action settlement last year over allegations the insurer misled investors about its exposure to subprime mortgages.
Insurers increasingly sending assets outside
trueThe amount of U.S. insurance company assets invested by external money management firms has grown at a steady clip since 2011, as insurers look for managers that can offer specialized investment strategies to boost their returns.
Another way to outsource: Buy a manager
trueThe trend of outsourcing insurance assets has led some insurers to buy money management firms to not only serve their internal investment needs, but also sell outsourced investment services to other insurance companies, said Sunny Patpatia, president and CEO of Patpatia & Associates, Berkeley, ...
Biggest piece of pie goes to U.S. bonds
trueU.S. bonds make up the largest portion of outsourced insurance assets, according to a survey by Patpatia & Associates, Berkeley, Calif., a consultant that tracks insurance outsourcing.
Korea Post seeks global macro, market-neutral, event-driven managers
trueKorea Post Savings is seeking global hedge fund managers to run global macro, equity market-neutral and event-driven strategies.
Mercer expands insurance consulting group
trueRavi Rastogi joined Mercer as a partner and insurance group leader for Europe.
U.K.’s Civil Aviation Authority pension fund does £1.6 billion buy-in
trueCivil Aviation Authority Pension Scheme, London, completed a £1.6 billion ($2.5 billion) buy-in with Rothesay Life.