Generali Acquires Alternative Asset Management Firm CM Investment Solutions

Article 0 Comments Italian insurer Generali Group has acquired CM Investment Solutions Limited (CMISL), an alternative asset manager in London, from Bank of America Merrill Lynch. Details of the transaction were not disclosed. CMISL, which was established in 2007, has grown to become the largest platform in its market segment, […]

Macquarie Pursues 3-Way Joint Venture in China Under New Rule

Article 0 Comments Macquarie Group Ltd. is in advanced talks to create a majority-owned securities joint-venture firm in China, according to people familiar with the matter, the latest international bank seeking to establish itself in one of the world’s biggest markets. Sydney-based Macquarie is drafting a final agreement with two […]

Generali to Acquire Polish Asset Management Firm, Union Investment TFI

Article 0 Comments Generali has entered into an agreement with the German Group Union Asset Management Holding AG to acquire a 100 percent stake in the Polish asset management company Union Investment TFI S.A. Financial details of the acquisition were not revealed. The transaction is subject to approvals by regulatory […]

Munich Re to Stop Investing in Coal-Related Business, Insuring New Coal-Fired Plants

Article 1 Comments Munich Re, the world’s biggest reinsurer, will stop investing in bonds and shares of companies that generate more than 30 percent of their sales with coal-related business, its chief executive said, caving to pressure from investors. “In the individual risk business, where we can see the risks […]

Swiss Re No Longer Offers Re/Insurance to Firms with More Than 30% Coal Exposure

Article 0 Comments Swiss Re announced it no longer is providing re/insurance to businesses with more than 30 percent exposure to thermal coal across all lines of business. The thermal coal policy applies to both existing and new thermal coal mines and power plants, and is implemented across all lines […]