Goldman Sachs Asset Management News

India Insurance Startup Raises Funds at $650 Million Valuation

Indian startup InsuranceDekho has raised $60 million in Series B funding, driving the online insurance seller’s valuation to more than $650 million. Investors including Japanese giant Mitsubishi UFJ Financial Group Inc. and insurer BNP Paribas Cardif participated in the funding …

Indian Insurtech Startup InsuranceDekho Raises $150 Million to Grow SME Business

Indian fintech startup InsuranceDekho raised $150 million from a clutch of investors led by Goldman Sachs Asset Management, an unusually large investment round that will help it target an under-served domestic market. TVS Capital Funds co-led the equity and debt …

Global Insurers Want to Increase Private Equity Investments, as Inflation Hits Portfolios

Insurers want to put more money into private equity this year as they contend with rising inflation and its effects on monetary policy, a survey by Goldman Sachs Asset Management showed on Monday. More than 40% of insurers plan to …

Howden to Acquire UK Broker Aston Lark From Goldman Sachs

Howden, the London-based insurance broking group, announced it has reached an agreement to acquire Aston Lark from Goldman Sachs Asset Management and Bowmark Capital. Aston Lark is one of the UK’s leading, independent, specialist complex commercial and private client brokers. …

Political Risk Tops List of Worries for Insurers Across Globe: GS Survey

Political risk is the biggest concern this year for insurers globally, following several shock outcomes in 2016, a survey of insurers managing $10 trillion in assets showed on Thursday. Political events have overtaken issues such as worries about an economic …

Insurers with $6 Trillion Mull Mortgage Loans, Private Equity: Goldman Sachs

Global insurers who oversee more than $6 trillion in assets plan to invest capital in commercial mortgage loans and private equity this year to generate higher returns, a Goldman Sachs Asset Management survey showed. Thirty-five percent of insurance executives said …

Global Insurers Plan to Increase Risk in Portfolios: Goldman Sachs Survey

Global insurance firms are embracing risk in their portfolios this year, as they plan to increase allocations to alternative investments such as private equity and infrastructure debt, according to the third annual survey by Goldman Sachs Asset Management released on …