Insurance news in China reveals intentions to invest in foreign real estate

China Insurance industry news

Experts have predicted that these Chinese investors will be making their main focus in large cities. The latest insurance news from China is that their insurance funds are now looking to make investments into properties into the biggest Asian cities outside of its own borders. The prediction is that there will be approximately $14 billion (USD) focused on real estate. This insurance news has indicated that the primary real estate markets could be the largest cities in Hong Kong, Malaysia, Thailand and Singapore. The insurance funds will be focusing on…

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Insurance industry could soften the U.S. pension crisis

US life insurance policy payout ruling

Senator Hatch from Utah believes that insurers could hold the key to easing the struggle that will be faced. On Tuesday, one of the top Republican senators proposed legislation that would considerably alter the way that public pensions function by having the life insurance industry pay benefits by way of annuity contracts. The purpose of this newly unveiled legislation would be to assist in alleviating the underfunding from which many plans suffer. Senator Orrin Hatch of Utah is the highest ranking Republican on the Finance Committee. He introduced a bill…

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Insurance news from Zurich reveals 82 percent profit increases

Zurich Insurance News

Gains from investments have caused the largest insurer in Switzerland to see a huge fourth quarter profit rise. The biggest insurer in Switzerland, Zurich, has made an insurance news announcement that its fourth quarter profits experienced an increase of 82 percent as a result of higher investment capital gains. The insurer’s net income experienced a massive growth when compared to the same time the year before. The net income that was reported by Zurich was $983 million. This was a considerable year over year increase, as the same time in…

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Catastrophe bonds remain unaffected by Hurricane Sandy

Catastrophe Bonds Insurance News

Catastrophe bonds investors shrug off impact of natural disaster Catastrophe bonds are unlikely to be swayed by the impact of Hurricane Sandy, as investors show little concern for the storm’s impact on the U.S. and the global insurance industry. Though Hurricane Sandy is being considered one of the largest storms to ever impact the U.S., causing approximately $20 billion in damage according to early estimates, it may not be able to cause a panic amongst investors. Catastrophe bonds have yet to show any indication of negative impact from the storm,…

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Nationwide Insurance reports losses in the third quarter due to natural disasters and poor investment results

Nationwide Insurance has reported its third quarter financial results for this year. The report details a turbulent third quarter, which has been wracked by severe storms and other natural disasters along with costly investment mishaps. Overall, the report shows that the insurer has lost billions in investments and millions in claims relating to storm damage. While Nationwide has an optimistic outlook for the remainder of the fiscal year, there can be no doubt that recent events will encourage changes to be made to the company’s policies. Nationwide reports that its…

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