Life Insurance Industry News
A collection of Life Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Inflated 'Private' Ratings Are Masking Credit Risk, Columbia Study Says
Ratings that underpin a growing slice of the $1.8 trillion private-credit market, the hottest corner of Wall Street in recent years, are systematically understating investment risk, according to a new study by Columbia Business School researchers.
Why are Chinese savers moving money out of banks and into tech stocks?
Prompted by lower interest rates on long-term bank deposits, Gong Jie, who works for an export firm in Shanghai, recently decided to invest half her savings in technology-focused mutual funds. “A three-year deposit of mine at Industrial and…
Property Insurers Are Piling Into Private Assets, as Other Investors Hit Pause
Home and car insurers are joining other deep-pocketed institutions from life insurance companies to university endowments in snapping up private investments. They are late to the party. Major insurers such as, Liberty Mutual and Nationwide kept at…
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Is Prudential Financial Stock Underperforming the S&P 500?
Newark, New Jersey-based Prudential Financial, Inc. (PRU) provides financial products and services in the United States and internationally. Valued at a market cap of $36.3 billion, the company operates through PGIM, Retirement Strategies, Group…
Japanese investors make biggest foreign stock exit in five years in May
June 8 (Reuters) - Japanese investors sold foreign stocks at the fastest pace in about five years in May, as caution over Middle East hostilities and concerns that a tech-driven market rally had run too far weighed on sentiment.
How Data Can Give Lawyers And Wealth Managers A Competitive Edge
Tara Faquir, Co-Founder & COO of Trustate, is redefining the legal sector with a data-first, automation-driven platform. When most people hear the word 'data,' they picture a Silicon Valley startup or a Wall Street quant desk. Data, in…
AXA launches a new insurance and wealth platform for HNWIs as Hong Kong wealth surges past Switzerland
AXA is launching a new Hong Kong–based platform for high‑net‑worth individuals, doubling down on the city just as it overtakes Switzerland as the world's largest cross‑border wealth hub. On Monday, the French insurer…
BNP Paribas Financial Markets Has $11.46 Million Stock Holdings in Equitable Holdings, Inc. $EQH
BNP Paribas Financial Markets trimmed its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 45.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm…
HMRC posts demand letters to those with £3,500 or more in bank savings
People with as little as £3,500 in fixed bank savings accounts could trigger an unexpected tax bill letter from HM Revenue and Customs (HMRC) in the next few weeks and months. That's because HMRC is able to automatically detect interest on…
How to Discuss Financial What-Ifs With Loved Ones While the Going's Good
A client of mine, a woman in her 50s, lost her husband without warning. He had handled every financial detail for the family: The investments, the insurance, the bill payments. He managed it all through his work email on his work laptop. When he…
Zaffino saved AIG - but left bruises along the way
Transformative tenure: Peter Zaffino led a turnaround at AIG (File photograph) Eric Andersen landed a job that most insurance executives would have long considered too good to be true: leading a strong AIG. Thanks to a dramatic turnaround under his…
UBS Group Issues Positive Forecast for CVS Health (NYSE:CVS) Stock Price
CVS Health (NYSE:CVS - Get Free Report) had its price objective raised by equities research analysts at UBS Group from $100.00 to $115.00 in a research report issued to clients and investors on Monday, MarketScreener reports. The firm currently has…
Kospi crashes over 8% on tech hemorrhage, US rate woes; won rises after verbal intervention
South Korean stocks nosedived more than 8 percent Monday, extending their losing streak to a third consecutive session, as investors dumped market heavyweights on renewed woes over artificial intelligence profitability and concerns over a possible…
Synaptics (NASDAQ:SYNA) Stock Price Up 8.9% - Time to Buy?
Synaptics Incorporated (NASDAQ:SYNA - Get Free Report) rose 8.9% during mid-day trading on Monday. The company traded as high as $131.56 and last traded at $133.7250. Approximately 128,589 shares changed hands during trading, a decline of 84% from…
The signs Graham Platner's campaign isn't dead yet
Just days ahead of Tuesday's Maine Democratic primary, frontrunner Graham Platner is facing scrutiny following a wave of personal allegations. While Platner remains the presumptive nominee to challenge longtime incumbent Republican Senator Susan…
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