News

Equities sales help Swiss Re to profit after $4.7bn of natcat losses

Swiss Re recorded a profit of $331m in 2017 despite receiving claims of $4.7bn from natural catastrophes including the three major Atlantic hurricanes, Californian wildfires and cyclone Debbie in Australia.

Waldorf Astoria falls into Beijing's hands as authorities seize owner Anbang

Chinese insurer wanted to sell trophy New York investment back to Blackstone

L&G expands retirement home portfolio with Kent village acquisition

Generali to divest €2bn from coal

Axa life business success rests on asset management

Underwriter reveals spreads of investment yields over life guarantees, by market

Italian insurers demand change to fixed income markets

Open letter discusses their issues with domestic debt, eurobonds and credit

Axa IMRA invests in US logistics

Lloyds reports "a lot of interest" in £109bn Scottish Widows asset mandate

Lloyds Banking Group has been flooded with enquiries about managing £109bn ($139bn) of Scottish Widows assets, after announcing the sacking of current manager Standard Life Aberdeen (SLA).

Ageas sells credit and blames spreads for jump in market risk in 2017

A jump in market risk off the back of worsening credit spreads was the main factor in the increase of Ageas's solvency capital requirement (SCR) during 2017, the Belgian insurer said during its full-year results conference this morning.

Lloyds Banking Group plotted merger with Standard Life Aberdeen