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Only a 0.01% probability of US debt ceiling default, Allianz GI says
24 May 2023But a 60% chance of shutdown is likely as talks look unlikely to bear fruit
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Nassau Financial signs UN PRI
23 May 2023Will provide a practical framework for investment strategies to align with social responsibilities
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Asset managers still reluctant to push insurers for direct fossil fuel action
22 May 2023As Hartford rejects call to shun fossil fuels at AGM
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The US battles against ESG
22 May 2023US climate change politics have hit a turning point. What started off as mild disgruntlement against woke investing now looks to have turned into an all-out war by right-leaning states against climate siders. It is enough to make the head spin. Sarfraz Thind reports
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Radian names Sumita Pandit as CFO
19 May 2023Will oversee investments for mortgage insurer
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Sound Point hires Gunther Stein as CIO of US credit and CLO platform
19 May 2023Follows asset manager's acquisition of Assured Guaranty's investment business last month
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US debt ceiling drama strikes again
18 May 2023Grubby politics are again featuring as the spoiler for financial market equilibrium. The US debt ceiling standoff seems to be an annual affair—but this one looks a lot more serious than those in the past. Sarfraz Thind reports
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L&G agrees £2.7bn buy-in of British Steel pension scheme
18 May 2023Assets will be managed by LGIM, taking total buy-in to £7.5bn since 2021
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US still on track for recession, LGIM says
18 May 2023Has escaped recession so far but further financial accidents could amplify downturn
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Japan Post slashed foreign bond holdings last year
16 May 2023Joins other Japanese insurers to shun foreign debt as hedging costs mounted in 2022