Asa Gibson

Cat bond losses dent RenRe's investment returns

Bermudan reinsurer RenaissanceRe's (RenRe) investment returns during the third quarter were hampered by losses in its catastrophe bond portfolio, owing to the large number of catastrophe events during the period.

Northern Trust creates new role to target insurance assets

US-headquartered asset manager Northern Trust has hired Andrew Booker from SEI Investments to grow its insurance and financial institution client base across Europe, Middle East and Africa (EMEA).

US Treasury recommends lowering infrastructure capital requirements

European Parliament adopts rules on STS securitisation and preferential capital treatment

The European Parliament today (26 November) voted to adopt rules that require securitisations to be less complex and more transparent – as part of an initiative to revive the European securitisation market.

Fukoku Life buys $38.5m private green bond from MuniFin

Japanese mutual insurer Fukoku Life has bought a privately placed 10-year green bond from Finnish investment bank MuniFin for AUD$50m ($38.5m).

Hiscox hires former Partnership CIO

Specialist Lloyd's insurer Hiscox has appointed Alex Veys to take over as chief investment officer from David Astor, who is retiring following 15 years with the underwriter.

L&G chief lauds UK property market as insurer makes record £1.1bn disposals

Strong overseas demand for UK real estate assets makes the country a great place to invest, according to Legal & General's (L&G) chief executive Nigel Wilson.

Catalonia: volatility in the streets and insurers' balance sheets?

As tensions rise between the Spanish government and pro-separatists in Catalonia, the country's life insurers must prepare for bond market turbulence. Asa Gibson reports

Aviva Investors acquires £30m office development in Bristol

Aviva Investors has acquired the first phase of Abstract Securities' redevelopment of Bristol Business Park for £30.06m ($39.62m) via its Lime Property Fund.

Travelers' private equity portfolio eases decline in fixed income returns

US insurance group Travelers' investment returns during the third quarter helped ease the pain inflicted by a busy hurricane season in the US, which saw hurricanes Harvey, Irma and Maria bring the group's pre-tax income down by 59% compared to the same period last year.