Zurich Global Life steady, general insurance improves
Zurich Insurance Group reported a drop in net profits for the first quarter, after operating profits fell 23% in general insurance and a marginal decrease in the company’s Global Life business.
Generali cites financial headwinds for Q1 fall in life sales
Italian insurer Generali blamed “poor financial market conditions” for a 6.9% Q1 fall in new life business, year on year, to €1.3bn (£1bn, $1.5bn).
Emerging Markets | 12 May 16
Baring ups Asian EM exposure
Baring Asset Management’s multi asset group has increased its exposure to emerging Asian markets for the first time in years and upgraded the asset class from a neutral to preferred.
People Moves | 12 May 16
PEOPLE MOVES: Schroders, Julius Baer, Credit Suisse…
A host of changes have been announced by Schroders, as the company adjusts to the pending retirement of its global head of distribution. Julius Baer has also had to tweak the management structure of its investment solutions group following a departure. But Julius Baer’s loss has been Credit Suisse’s gain.
Chinese mainland investors warm to offshore products
Downward pressure on the renminbi and A-share volatility are prompting China’s investors to diversify their assets, said David Leung, head of wealth management at Standard Chartered Bank in China.