Edition:
United Kingdom

Carolyn Cohn

Edinburgh Investment Trust fires Invesco's Mark Barnett as manager

11 Dec 2019

LONDON Edinburgh Investment Trust , which said it has suffered from a prolonged period of underperformance, has replaced Invesco's Mark Barnett as its investment manager.

Britain's Phoenix to buy Swiss Re's ReAssure business for $4.1 billion

06 Dec 2019

LONDON/ZURICH Phoenix Group Holdings has agreed to buy the British ReAssure business of Swiss Re for 3.2 billion pounds ($4.1 billion) in cash and shares, the UK insurer's biggest deal to date as it bulks up on policies closed to new customers.

3i Infrastructure sells $250 million in British assets, eyes European sale

06 Dec 2019

Investment firm 3i Infrastructure said on Friday it would sell its projects portfolio in Britain to a range of buyers, including funds managed by Dalmore, Semperian and Innisfree for about 194 million pounds ($248.90 million).

M&G suspends $3.2 billion UK property fund as Brexit takes toll

05 Dec 2019

LONDON British fund manager M&G Investments suspended dealing in its flagship UK property fund on Wednesday, blaming Brexit uncertainty and weakness in the retail sector for a surge in investor requests to cash out.

Exclusive: Saudi Aramco pursues war cover after attacks - sources

04 Dec 2019

LONDON/RIYADH Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters.

UPDATE 1-UK asset manager Merian Global Investors to restructure, cut jobs

04 Dec 2019

* Cuts likely to fall across functions (Adds background, detail on funds)

Could life insurance go up in smoke for some vapers?

04 Dec 2019

LONDON/NEW YORK Global reinsurers are stepping up their warnings to life insurer clients about the potential risks of vaping, putting pressure on underwriters to charge certain vapers higher rates than smokers, or even exclude them altogether. | Video

Generali's MetLife gambit hits price snag - sources

03 Dec 2019

LONDON Italian insurer Assicurazioni Generali has held talks with U.S. rival MetLife Inc to buy the bulk of its European assets but discussions have stalled due to differences over price, four sources told Reuters.

MSCI arms all investors with ESG ratings of 2,800 top firms

26 Nov 2019

LONDON MSCI published the environmental, social and governance (ESG) ratings of more than 2,800 companies on Monday, giving all asset managers more detail to make their investment decisions.

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