Institutional Investor (May 31)
“Insurance companies seeking better investment performance continue to outsource more of their general accounts to asset managers. Investment firms managed $3.6 trillion in assets for insurance companies globally in 2023, up from $3.2 trillion in 2022 and more than double the $1.4 trillion they managed for them in 2014.”
Tags: $3.6 trillion, Asset managers, Assets, General accounts, Insurance companies, Investment firms, Outsource, Performance
Ceres (November 1)
Losses from Hurricane Sandy may run as high as $50 billion. Ceres has urged “insurance companies to reckon with the economic implications of increasingly unpredictable and extreme weather induced by climate change.” They should take the lead in pushing “for climate-friendly legislation and measures to improve resilience, such as building communities in safer areas and moving electrical equipment in buildings from basements to higher floors.”
