Insurance

AllianceBernstein installs APAC head of insurance solutions

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

The debate rages over insurance risk in private credit

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

Carlyle-affiliated Fortitude Re strikes reinsurance deal with Unum

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

European insurers eye bigger private debt allocations

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

UK’s L&G mulls 25% rise in large infra debt allocation

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.

Asian insurer Prudential hires head of product development

The Hong Kong-headquartered firm, with $166bn under management, has appointed a former insurance CIO to what is understood to be a newly created role, Private Debt Investor has learned.

Goldman Sachs AM appoints new co-head of APAC client solutions

The US firm has hired an executive from JP Morgan, as insurers and other allocators continue to push into private credit, Private Debt Investor can reveal.

Standard Life merger with Aegon UK is ‘good news for bigger GPs’

The deal, which will form a life and pensions giant with a £480bn-odd asset portfolio, reflects the trend for consolidation among both LPs and managers.

US regulators aim sights on private debt risk as insurance interest grows

Talks between domestic and international regulators will begin in April and continue throughout the summer.

Standard Life adds two private debt PMs amid in-housing drive

The UK insurer, formerly Phoenix Group, is also seeking a new CIO and has reported 8.6% year-on-year growth of its asset portfolio to £317bn.