Archive

MassMutual fined $4m for Roaring Kitty failure

Insurer was inadequate in monitoring meme frenzy posts by ex-employee Keith Gill

MassMutual and Nationwide invest in virtual insurance agent

Insurify has raised $128m in private equity funding so far

Sumitomo Life to loan ¥3bn to biomass power generation business

Part of a syndicated loan agreement of ¥28bn total

MassMutual opens fund for bitcoin investment

New vehicle follows insurer's $100m crypto play last year

Private equity continues to grow as US insurers' asset of choice

Insurers increased PE holding by 14.8% last year, according to AM Best

Singapore regulator scolds Prudential, AIA and Aviva for sales pay

MAS alleges remuneration, linked to investment and life policy sales, was not structured by local rules

More US insurers tempted by crypto

A handful of insurers invested in digital currency vehicles this year, according to S&P

News round-up - 10 May 2021

AIG; ASR; M&G; Barings; Allianz

Barings and MassMutual funds to consolidate under MassMutual Investments

MassMutual invests $100m in bitcoin

Also purchases $5m stake in bitcoin investment company, NYDIG