The UK’s Financial Conduct Authority is continuing to set the regulatory pace when it comes to pressing the financial sector to respond to the multiple threats from climate change. Together with the Bank of England, it is urging UK firms to respond to the need to assess the risks they face and be more transparent about them.

The field for alternative assets underpinned by bank lending was opened up in the wake of the financial crisis as banks made a headlong rush for the exit door. Asset managers and insurers have been tentatively exploring opportunities across a wide range including CRE debt, SME lending, leveraged loans, infrastructure finance and mortgages.

The latest Insurance Investment Exchange roundtable, hosted by Schroders, heard how private assets have grown importance, although it has been a gradual, cautious trend.

The busy autumn events season for the Insurance Investment Exchange kicked off with a double-header on 10 September at Skinners’ Hall.

The morning was devoted to the regular quarterly seminar, focussing on the theme “Enhancing returns on capital and mitigating portfolio risk”, while the afternoon event – The Pulse – focussed on three asset classes that offered “Alternative Strategies in the late cycle”.

David Worsfold

The insurance industry has been dragged centre stage in responding to the challenge of climate change.

Douglas Shillito

This week, Allianz UK finally announced it is to acquire 100% of the general insurance business of Legal & General Group for £242m. The transaction is subject to regulatory approvals.