A group led by China’s Anbang Insurance Group Co. withdrew its $14 billion takeover offer for Starwood Hotels & Resorts Worldwide Inc., a surprise move that ends a three-week bidding war and clears the way for an acquisition by Marriott …
Mark down the Climate Change and Global Warming Working Group as the odds-on favorite committee to produce the most interesting chatter during the National Association of Insurance Commissioners meeting next week in The Big Easy. Climate change buzz has continued …
One can say California Insurance Commissioner Dave Jones has a beef with coal. Jones made a bold move on Jan. 25 when he asked all insurance companies doing business in California to voluntarily divest from their investments in thermal coal …
The insurer that ridesharing service Uber Technologies Inc. uses to protect drivers and passengers is going public, promoting how it’s more willing than competitors to invest in junk-rated loans. James River Group Holdings Ltd. outlined its strategy this way in …
European insurers such as Allianz SE and Axa SA are shifting investments into the loan market, taking business from banks that are being forced to increase capital and meet tougher regulations, Moody’s Investors Service said. The insurance companies are moving …
Zurich Insurance Group AG, Switzerland’s biggest insurer, said it will spend as much as $1 billion on green bonds, making it the largest investor in such clean-power securities. The insurer has appointed BlackRock Inc., the world’s biggest money manager, to …
Property/casualty insurers say that principal preservation and total return are the most important objectives of their companies’ portfolio management, yet when asked about their satisfaction level with these two investment goals, their responses diverge. In a survey of P/C carriers’ …
