Insurance Finance & Investment, published by WorldTrade Executive, Inc., in partnership with Patpatia Associates announces the publication of a new survey of asset management practices of European insurance companies and money management firms entitled IFI European Insurance Asset Manager Annual Survey.
IFI European Insurance Asset Manager Annual Survey provides comprehensive, hard-to-find details on asset managers specializing [...]

XL Insurance, XL Capital Ltd’s global insurance operations, unveiled Pollution Insurance for Property Owners and Managers, a suite of pollution insurance endorsements and claims and risk management services to help protect the value of commercial real estate (CRE) portfolios in the U.S.
Rich Corbett, head of XL Insurance’s Global Environmental unit, said: “Environmental risks are [...]

We are delighted to announce that MerchantBridge, a direct investment and private equity company focused on the Middle East, has joined forces with UBS Global Asset Management, one of the world’s leading asset managers, to form a 50/50 joint venture called MerchantBridge-UBS Private Equity. The joint venture will develop and manage a series of private [...]

National Investment Managers Inc., a nationally-based and regionally-operated company, today announced that Woodside Capital Partners has purchased the Note and Warrants that Lehman Brothers held in National Investment Managers.
In December 2007, Lehman participated in a $27 million debt package, whereby Lehman and Woodside Capital Partners each offered National Investment Managers $6 million in subordinated debt, [...]

LGPI, the pension institution for local governments in Finland, has signed an agreement with Ortec Finance to license its Asset Liability solution for pension plans Ortec Finance PALM. The ALM solution enables LGPI to formulate ALM strategies based on Ortec Finance state of the art scenario generation, asset and liability methodologies. The selection of was [...]

ACM Capital Partners, a national investment and advisory firm specializing in assisting middle-market companies in transition or distress, and Crestmark Bank, a nationally recognized provider of working capital solutions to small- and mid-sized businesses, today announced they have partnered to deliver a multi-million dollar asset-based loan for a struggling medical device company headquartered in California.
The [...]

American International Group, Inc. (AIG) announced that Transatlantic Holdings, Inc. has filed a preliminary prospectus supplement with the U.S. Securities and Exchange Commission with respect to the proposed public offering of 26 million shares of TRH common stock owned by AIG and its subsidiaries in an underwritten offering. The underwriters will have a 30-day [...]

The labor union UNITE HERE has launched www.PrudentialAnnuityAlert.info, an independent resource for broker-dealers, financial advisors and policyholders concerned about risks facing Prudential Financial and its variable annuities business. Prudential Financial. the second largest insurer in the U.S., and a market leader in variable annuities, saw the steepest decline in its risk-based capital last year and [...]

Pacific Life recently added two new investment options to its offerings for variable universal life insurance policyowners. The addition of the Mid-Cap Value Portfolio and the American Funds Asset Allocation Portfolio expands the breadth and depth of the investment options lineup and variable life insurance policyowners can now choose from 59 investment options.
American Funds Asset [...]

FlexTrade Systems, Inc., a leader in multi-asset algorithmic execution management systems,announced that Millburn Ridgefield Corporation has deployed FlexFUTURES, its state-of-the-art futures trading solution.
“We’re very pleased that Millburn Ridgefield has chosen FlexFutures as its algorithmic execution platform,” said Vijay Kedia, president and CEO of FlexTrade. “As today’s listed-derivatives markets become more automated, it’s critical for asset [...]