More than 40 Chinese insurance companies and asset managers have jointly started an investment firm, raising 40 billion yuan ($6 billion) for a first fund to finance energy and infrastructure projects overseas, China’s insurance regulator said. The new firm, China …
The European Union is preparing reduced capital requirements for insurers in a bid to spur investment in long-term infrastructure projects. The European Commission, the EU’s executive arm, is considering amending insurance rules known as the Solvency II Delegated Act to …
Shariah-compliant managing general agent Cobalt Underwriting has been selected as the insurer of preference for the proposed London Paramount Entertainment Resort in Kent, England. Valued at £3 billion ($4.6 billion), the Paramount Studios-backed project is set to transform the Swanscombe …
Swiss Re AG Chief Investment Officer Guido Fuerer said the world’s second-biggest reinsurer would invest as much as 5 percent of its funds in infrastructure if securities used to fund projects were more easily tradeable. “The fact that we have …
Most California drivers would pay an extra $52 a year under a proposal to raise $2 billion a year to fix the state’s crumbling roads, bridges and highways. Assembly Speaker Toni Atkins’ proposal released Wednesday didn’t spell out how the …
California’s worn-out, congested roads and bridges are costing drivers $44 billion a year, a report released today shows. Higher vehicle operating costs, congestion-related delays and traffic accidents cost $2,458 per driver in Los Angeles, according to the report released by …
The Global Federation of Insurance Associations (GFIA) has issued a bulletin noting the organizations support for the “recommendations made by the Business 20 (B20) group on how private sector activity and investment can help the Australian G20 Presidency meet the …
Swiss Re announced that it will engage in long-term financing of infrastructure businesses and assets, and has committed an initial US$500 million for investments in senior secured debt of infrastructure businesses and assets located primarily in northern Europe. “Institutional investment …
Willis Germany, part of Willis Group Holdings, announced that it will be demonstrating the special features of “Willis Electronic Plus,” at the 27th European Photovoltaic Solar Energy Conference and Exhibition in Frankfurt on September 25-28. Willis described it as “an …
Aon Risk Solutions, the global risk management business of Aon Corp., has appointed Nicki Tilney as head broker of construction, power and infrastructure for Aon’s Global Broking Center (GBC) in Singapore, one of Aon’s hubs for insurance placement. She joins …
