Italian insurers have diversified away from local govvies, but asset risk rising
Exposure to Italian govvies still high and constrains insurers' ratings, Fitch warns
Exposure to Italian govvies still high and constrains insurers' ratings, Fitch warns
Insurer restocked on risk assets in March and April
Dividend distribution investment income fell by €283m
Caused by private equity and alternative investment losses
Biggest hit came from equity and fund portfolios
Firm's ESG benchmark beats traditional equities and credit indices in H1
But group sold some bonds before downgrades and defaults
But keep an eye on tail risks like virus resurgence
Home bias in investments exposes insurers to domestic economic deterioration and rating downgrades
About £6m of the fall in investment income was due to COVID-19 market impacts
A growing number of insurers have announced new or upgraded sustainable investment strategies in recent…
Home loans have proved popular with Europe's insurers, to the tune of €237bn invested in 2019, but that…
Many insurers had already reduced portfolio risks in view of expensive valuations and anticipated credit…
While underwriters like to call themselves 'fixed-income investors', they have become significant players…
Often hailed as ineffective the Solvency II's volatility adjustment rules have served insurers well against…