Swiss Reinsurance Co. Ltd. today introduced a $75 million catastrophe bond, covering extreme mortality risks.
Life insurers are concerned that legislation the House Financial Services Committee is likely to approve after Thanksgiving will increase costs substantially for the 28 carriers that have assets of more than $50 billion.
Insurers with at least $10 billion in assets would be required to pay into a federal fund to cover the costs of resolving failures at financial services companies under legislation to be taken up next week by the House Financial Services Committee.
When cold calling chilled prospective clients, insurance agent Eric S. Klarman brought his business outside — to subway stations and on the streets of New York.
The House Financial Services Committee this morning unanimously approved legislation that would create a federal insurance office within the Treasury Department. The legislation is part of a broad financial services regulatory reform package that is scheduled to be voted on next week by the full House of Representatives.
Even as long-term care costs skyrocket, many Americans have unrealistic plans for how they expect to pay for those services, according to a new survey from the LIFE Foundation.
Exchange-traded commodities funds will continue to prosper despite regulators' concerns that they may have helped fuel the run-up in oil prices last year.
With The Vanguard Group Inc. on its heels, Pacific Investment Management Co. LLC today launched new actively managed exchange-traded funds.
Now that exchange-traded funds can come to market with relatively little fuss, providers are readying to launch emerging-markets ETFs in what industry observers call an ill-advised attempt to jump on the latest trend.
The following is an edited transcript of the round-table discussion. It was moderated by <i>InvestmentNews</i> deputy editor Evan Cooper and reporter David Hoffman.
In the “new normal” of slower economic growth and lower investment returns, Pacific Investment Management Co. LLC's Bill Gross is himself buying steady, dividend- paying stocks.
California Insurance Commissioner Steve Poizner today kicked off an investigation into whether insurers based there have investments in Iran or its agents.
Already under pressure from credit rating agencies, U.S. life insurers are about to be rocked again — by defaults on their investments in commercial real estate and mortgages, according to a report from Fitch Ratings Ltd.
Pacific Investment Management Co. LLC last week launched its first actively managed exchange-traded fund.
Fidelity Investments experienced outflows in its long-term mutual funds in October — the first time the fund behemoth has seen net outflows in months.
Earlier today, Robert Benmosche, CEO of AIG, sent a memo to employees at the insurance company addressing speculation about his potential departure. The text of his memo is below:
State insurance regulators yesterday voted in favor of using a new method to evaluate residential mortgage-backed securities that would allow them to reduce the capital requirements related to these investments.
Like the proverbial canary in the coal mine, assets of the largest managers of real estate investment trusts were first to feel the shock wave of volatile world markets.
The real estate boom and bust is hanging over many independent broker-dealers and their financial advisers as the market for non-traded REITs soured this year.
Commercial real estate is now a bargain, and the widely expected drop in commercial property values may not occur, according to a well-known real estate analyst.
