Pensions
Insurers Have Been Draining Funds from New Jersey’s Pensions for 15 Years
Report calls 2006 policy that shifted financial obligations for employee injuries to pensions ‘a windfall to insurers.’
Tag: insurance
Asset Management Culture
Scottish Widows to Divest £440 Million from Firms That Fail ESG Standards
UK insurance and pension provider targets companies that it says pose the most severe investment risks.
Corporate Moves
New York Times Makes $235 Million Pension Risk Transfer to MassMutual
About 1,850 affected retirees will continue to receive payments from the life insurer.
The Imitation Game: How AI Should Buoy Insurers—and Pension Risk Transfers
Also, as investments, carriers likely will grow more attractive, thanks to machine learning helping to customize pricing, reduce costs, and flag fraudulent activity.
Will Businesses Be Engulfed by Lawsuits Blaming Them for Virus Infections?
A GOP Senate bid to shield companies has helped hold up the next federal stimulus round.
Asset Allocation
US Insurers Aren’t as Concerned About Climate Risk as Global Peers, GSAM Finds
Just half of American carriers consider global warming during their investment process, versus more than 70% of their European and Asian counterparts.
Asset Management Culture
Majority of Insurers Confident in Asset Managers During Downturn
They’re also upping their allocations into alternatives, such as private equity and private credit, says a State Street survey.
Asset Management Culture
MassMutual Reportedly Exploring $2 Billion Sale of Retirement Services
The life insurance company apparently no longer considers the DC plans integral to its business.
Asset Allocation
Athene Fined $45 Million for Unlicensed Pension Risk Transfers
New York regulator said the firm illegally entered into 14 risk transfer deals.
Asset Management Culture
AM Best Creates Pandemic-Related Stress Test for Insurance Firms
Pension risk transfer market likely to slow because of downturn.
Pensions
MetLife Secures $1.9 Billion Pension Deal with Lockheed Martin
The aerospace giant will transfer liabilities to the insurer, roughly 20,000 retirees and current workers.
Asset Allocation
Danish Pension, Insurance Assets Grow to $712 Billion
Asset value of sector is more than twice the country’s GDP.
Exclusive: MetLife’s Ellermeyer Shifts to Apollo Insurance Operation
Investment pro to help manage insurance assets at Leon Black’s shop, which got its start with a defunct insurer’s junk bonds.
Aon Abandons Heavyweight Merger with Willis Towers Watson
After a whirlwind day of news, Aon confirms it will not pursue the buyout after all.
ETFs Are in Higher Demand from Insurers
Buyers of the funds triple in number, although these securities are still a small part of carriers’ portfolios, study says.