The merger aims to create a leading facultative reinsurance intermediary in Latin America, with market-leading data capabilities and expanding insurance market relationships, MMC said.
In another division are “sustainable sector funds,” which focus on investments related to a transition to a green economy in areas like renewable energy, energy efficiency, environmental services, and water.
69 hedge funds were launched in Q1 2019, the majority (84%) of which were single-manager funds, reports research house Preqin in its Q1 update. Furthermore, the Preqin All-Strategies Hedge Fund benchmark returned +5.40% for the quarter.
These include long-term growth company Polen Capital, credit strategies specialist Dolan McEniry, long/short investment house Sirios and liquid alternatives and ETFs company Dynamic Beta Investments.
Life insurance is a long-term business, and Chubb looks forward to working with the Myanmar government, policymakers and local organizations to establish a successful, sustainable life insurance business.