Corporate and infrastructure sukuk issuance in the GCC declined in the first half of this year, S&P Global Ratings has noted. S&P expects the 2018 GCC issuance volumes to remain well below 2017 levels.
Increased market volatility linked to rising trade tensions, elevated geopolitical risk and policy uncertainty and weaker corporate creditworthiness weighed on global financial conditions in the first half of 2018, according to Moody's Investors Service.
Asia is poised to be the next frontier for the growth of insurance linked securities (ILS) as ILS funds continue to diversify their investment portfolios, according to Ms Jacqueline Loh, deputy managing director of MAS at the Artemis ILS Asia 2018 Conference on 12 July.
Nippon Life Insurance plans to become the first leading Japanese financial institution to reject investments and loans to new coal-fired power generation projects at home and abroad.
Anbang Insurance Group is exploring a sale of Belgian insurer Fidea, people with knowledge of the matter said, in what would be the troubled Chinese insurer's first European divestment since it was seized by the government last February.
The CBIRC has issued its a set of regulations stipulating the use of funds from tax-deferred pension plans in terms of investment scope and proportion, investment capacity, investment management, and risk management.
Nineteen insurance asset management companies registered 70 investment plans with a total registered capital of CNY139 billion ($21 billion) in the first half of this year, according to the China Insurance Asset Management Association.
The sale of IDBI Bank's stake in IDBI Federal Life Insurance could be scrapped following LIC's involvement with the bank as a major financial investor.
Employee unions in the insurance and banking sectors have written to the Finance Ministry protesting LIC's investment in IDBI Bank, arguing that a stake increase will not give any returns to the insurance company because of the high proportion of bad loans in the lender's portfolio.
The number of high-net-worth individuals (HNWIs) in Australia is growing, with more than 20,000 Aussies joining the fold in 2017, according to Capgemini's 2018 World Wealth Report.