News and Videos about Insurers from Pensions & Investments
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.
EIOPA launches stress tests for European retirement plans
trueThe European Insurance and Occupational Pensions Authority launched its first stress test for defined benefit and defined contribution retirement plans in Europe.
Conning recruits equity products director
trueDonald E. Townswick was named director, equity products at Conning, said spokeswoman Katrin Lieberwirth.
Lehman Brothers International completes pension bulk annuity deal with Rothesay Life
trueLehman Brothers' European business completed a £675 million ($1 billion) bulk annuity transaction for its U.K. defined benefit plan with Rothesay Life.
New York State Insurance Fund looking for manager of emerging managers
trueNew York State Insurance Fund, New York, is searching for one or more managers of emerging managers.
GSAM: Insurance CIOs more pessimistic about finding attractive investment opportunities
trueInsurance companies are more pessimistic than they’ve been in years about finding attractive investment opportunities due to global monetary policies pushing yields to ultra-low or even negative levels, said the annual Goldman Sachs Asset Management Insurance Survey.
Insurers' alternative imperative
trueAlternative investments appear in many respects to constitute, for lack of a better term, the most plausible alternative for insurance portfolios today.
Sprint agrees to pay $131 million to settle shareholder suit
trueSprint Corp. agreed to pay $131 million to settle shareholder claims that company officials made misleading statements, which artificially inflated stock values.
Insurers focus on joint ventures for real estate deals
trueUpdated with correction
Hartford HealthCare taps 6 managers in active management shift
trueHartford HealthCare, Hartford, Conn., is rebalancing about one-third of its $3 billion in pension, endowment and insurance assets to increase active management and reduce the number of external managers it uses, said David Holmgren, chief investment officer.
Citizens Property Insurance searching for consultant for 3 DC plans
trueCitizens Property Insurance Corp., Tallahassee, Fla., is searching for an investment consultant for its three defined contribution plans, spokesman Mike Peltier said.
China Life hirings seen as launch of global manager opportunities
trueA group of global investment managers has garnered the first flurry of mandates from China's largest life insurer since regulators opened the door for offshore investments three years ago.