Allianz Global Investors and Dutch development bank FMO have agreed one of the largest “blended finance” funds on record, raising $1.1 billion to invest in loans that help emerging and frontier countries meet sustainable development targets. The fund is the …
Britain’s opposition Labour Party met bank and insurance leaders on Monday to discuss ways to boost investment in infrastructure, as it continues a charm offensive with finance bosses ahead of an expected election next year that it is favored to …
A report that Chinese authorities asked Ping An Insurance Group Co. to rescue Country Garden Holdings Co. sent the insurer’s stock sliding, wiping out $3.1 billion from its valuation. Distressed developer Country Garden, on the other hand, jumped 12% to …
Ping An Insurance (Group) Co. said it doesn’t hold any shares in Country Garden Holdings Co. and has no plans to acquire the distressed Chinese developer, refuting a report that sent the insurance giant’s stock tumbling on Wednesday. The insurer …
Federal legislation introduced last week that would require insurance companies with more than $100 million in annual premiums to disclose investments and underwritings related to coal, oil and gas projects, and fossil fuels is already required at the state level …
Banks, insurers and asset managers in the European Union would only be allowed to sell funds and other products across the bloc if they could prove to regulators they offer value for money, draft proposals seen by Reuters showed. The …
Union Mutual Insurance Co. recently announced its participation in community-owned solar project under development by the Acorn Renewable Energy Co-op of Middlebury. As the sole Series A member investor, Union Mutual has provided roughly one-third of the capital to construct …
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 …
AIA Group Ltd. has sold off almost $10 billion of investments in coal mining and coal-fired power businesses as pressure grows on financial firms to cut ties with the sector. The insurer completed the entire sale of directly managed equity …
Moody’s Analytics has launched an asset-liability management (ALM) solution for insurance companies called of RiskIntegrity™ Investment Insight. The new tool combines data and modeling capabilities from across Moody’s Analytics to help insurers to build liability-aware investment portfolios and better evaluate …
