Dai-ichi Life issues ¥1.1bn sustainability linked loan
Interest on loan reduced or exempted if client beats target score
Interest on loan reduced or exempted if client beats target score
Estimate doesn't include COVID-19, but insurer remains confident with ratio still in working range
Acquires Lansing Building Products which is itself acquiring Harvey Building Products
Derivatives trade reporting inadequacies cost insurer and its affiliate a A$525,000 penalty
German insurer identifies Munich as key real estate market going forward
German group to persist with conservative investment approach
All but JPY 6trn of underwriters' asset and investment exposure runs through 2021
Fitch warns of danger as Moody's acts on Hanwha Life
Mergers and acquisitions throughout 2019 helped push increase
Contribution to group results decreases due to one-off cost of pension assets onboarding
Paris and London are managers main targets for office assets
Insurer has been under pressure to comply with PRA matching adjustment rules
Insurer estimates its current holdings of listed assets are aligned with 3.1°C of global warming
Swiss insurer also increases allocation to real estate
And one-third of raised capital in infra equity funds
The FMA has been monitoring both risks and is not phased by the IMF recommendations