Insurance

The standards group responds to questions by Senator Elizabeth Warren about the interconnectedness of insurance and private capital.

Questions raised over extent of insurers’ borrowing from the Federal Home Loan Banks.

TWG is working with state and federal regulators regarding undisclosed insurance-affiliated assets.

The partnership – also comprising CVC, Goldman Sachs, Prudential Financial and MS&AD – will initially originate up to £2bn of assets over five years. It means Standard Life could acquire defined benefit schemes as large as £25bn, says interim CIO Nuwan Goonetilleke.

Former Ping An Insurance CIO Benjamin Deng had joined Canadian group Sun Life – which owns private credit manager Crescent Capital – in January last year.

The US asset manager has hired David Luo from insurer AIA for what is understood to be a newly created role.

Insurers ventured into alternative credit for yield and diversification, but the question of whether the risks are appropriate remains unsettled

The deal to transfer $3.8bn of long-term care policies to Fortitude will earn Carlyle recurring fees.

Sweden’s LF, the Netherlands’ NN Group and UK firms Pension Insurance Corporation and Foresters Friendly Society are exploring new opportunities in illiquid credit.

The insurer’s head of portfolio management, Roman Hederer, sees more opportunities and value now in the asset class than a few years ago, particularly in Europe.