News and Videos about Insurers from Pensions & Investments
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.
IMF warns of pension risks, urges FSOC to do more
truePension risk transfer to insurance companies could increase systemic risk in the U.S. financial system, the International Monetary Fund warned in a new report.
Towers Watson, Willis merger to combine strengths
trueTowers Watson & Co., with $2.2 trillion in assets under advisement, is expected to dominate the investment consulting arm of the business after it combines with Willis Group Holdings PLC, sources said.
MassMutual hires vice president to head pension risk transfer business
trueLynn Esenwine was named vice president, pension buyout at MassMutual Retirement Services, said David Potter, spokesman.
Willis Group and Towers Watson to merge
trueWillis Group Holdings PLC, the world's third-largest insurance broker, and Towers Watson & Co., the world's fifth-largest investment consultant by assets under advisement, announced on Tuesday they have agreed to an all-stock merger creating a firm with a combined market value of $18 billion.
BlackRock, Deutsche continue insurance AUM dominance despite DeAWM decline — survey
trueBlackRock and Deutsche Asset & Wealth Management continue to sit atop the rankings of the largest managers of outsourced insurance company assets, said a survey from the Insurance Investment Outsourcing Report.
MassMutual hires vice president of institutional markets
trueMichele Baldasarre was named vice president of institutional markets for MassMutual Retirement Services, in charge of relationship management for the firm’s large retirement plan clients.
Russell, Ping An end China-based joint venture
trueRussell Investments and China-based financial services conglomerate Ping An Insurance Co. of China agreed to end a joint venture they established in 2011.
Pension Insurance Corp. taps new CIO
trueRobert Groves was named chief investment officer of Pension Insurance Corp., a specialist insurer of defined benefit plans.
Penbridge unveils risk transfer index
truePenbridge Advisors, a pension risk transfer advisory firm, has launched its Pension Risk Transfer index, which measures the typical premium an insurance company would charge a generic defined benefit plan for a group annuity buyout.