News and Videos about Insurers from Pensions & Investments
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.
China Life Insurance taps offshore managers for multiasset-class, global equity allocations
trueChina Life Insurance Co., Beijing, hired Goldman Sachs Asset Management, J.P. Morgan Asset Management, Neuberger Berman Group, Schroder Investment Management and State Street Global Advisors to manage multiasset-class allocations.
Mercer: Pension annuity buyout premium decreases relative to liability
trueThe average cost of a defined benefit plan purchasing a group annuity contract from an insurer fell to 105.3% of the assets being transferred in December, the latest Mercer U.S. Pension Buyout Index said.
Pension Insurance Corp. taps CIO as CEO successor
trueTracy Blackwell was appointed deputy CEO at Pension Insurance Corp.
Cathay seeks to build global name through Conning buy
trueChina's big insurance companies have begun window shopping for potential overseas asset management acquisitions, bankers and industry analysts say, since regulators opened the door two years ago for insurers to invest a fraction of their general accounts offshore.
Timken Co. completes annuity buyout with Prudential to reduce liabilities by $600 million
trueTimken Co., Canton, Ohio, announced on Thursday it has purchased a group annuity contract from Prudential Insurance Co. of America to pay future benefits for about 5,000 U.S. retirees.
MetLife appeals to federal court to overturn SIFI designation
trueMetLife Inc. asked a federal court on Tuesday to overturn its designation as a non-bank systemically important financial institution by the Financial Stability Oversight Council.
Prudential Financial appoints successor to head strategic solutions group
trueSylvia Pozezanac was named senior managing director at Prudential Financial and head of the strategic solutions group, said Prudential spokeswoman Linda Fung.
Former iShares exec joins NYLIM subsidiary to run new institutional channel
trueBrendan Gundersen was named managing director at MainStay Investments' newly formed institutional intermediary channel.
FSOC designates MetLife as 'systemically important'
trueMetLife Inc. was designated a non-bank systemically important financial institution by the Financial Stability Oversight Council on Thursday.
MetLife Investment Management hires managing director for investor service team
trueAmy Cummings was named managing director of the investor services team at MetLife Investment Management.
NCR Corp. agrees to partial pension buyout with Principal Life Insurance
trueNCR Corp. announced Wednesday it has purchased a group annuity contract from Principal Life Insurance Co. to transfer about $160 million in pension liabilities, representing 4,500 retirees receiving benefits from its pension fund.
Tax change spurs £9 billion of commitments to U.K. private placements
trueSix money managers and insurers have announced around £9 billion ($14.1 billion) of commitments to U.K. infrastructure and other private placements in the U.K., following a change in tax treatment.