News

• Blackstone hires former FIO chief to insurance solutions business

  19 March 2018

  US investment management firm Blackstone has appointed Michael McRaith as managing director for its insurance solutions unit.

• PGIM Real Estate Finance and NYSTRS acquire 146-property portfolio for $1.1bn

  19 March 2018

  PGIM Real Estate, the real estate business of Prudential Financial, and the New York State Teachers' Retirement System (NYSTRS) have provided $1.1bn for the acquisition of a 146-property industrial portfolio.

• Insurers invest in UBS private infrastructure debt fund

  19 March 2018

  Insurers are among the investors interested in the second infrastructure debt fund launched by UBS Asset Management's Real Estate & Private Markets (REPM) business.

• Talanx equity sales help feed life reserve fund

  19 March 2018

  Talanx posted an 11.3% rise in income from investments in 2017 and crystallised gains—largely on its shareholdings—to help feed the mandatory reserve fund for its life business.

• Groupama halves equity holdings in six years

  16 March 2018

  French insurer Groupama has continued to divest from equities as part of the company's de-risking strategy for the past few years, it said in its results announcement today.

• Swiss Life Asset Managers continues European real estate growth

  16 March 2018

  Swiss Life Asset Managers has recorded European real estate transactions volumes of €3.9bn ($4.8bn) at the end of 2017 as it continues overall growth in the sector.

• Phoenix ready to step into bulk purchase annuity market

  15 March 2018

  Phoenix Group, a UK consolidator of closed life insurance business, is in exclusive talks for its first bulk purchase annuity transaction.

• Just Group's ERM investments fall 9% as market soars

  15 March 2018

  Just Group invested less in equity release mortgages (ERMs) in 2017, despite strong growth in the UK market.

• Prudential spins off M&G Prudential

  14 March 2018

  Prudential is to separate its UK and European and global businesses, resulting in two separately-listed companies "with different investment characteristics and opportunities."

• Columbia Threadneedle secures £50m Met Police multi-asset mandate

  14 March 2018

  Columbia Threadneedle Investments has been appointed by the Metropolitan Police Friendly Society (Metfriendly) to manage a £50m ($69m) multi-asset mandate.