“In its nearly $80 billion portfolio, Allstate holds various
electricity investments that range from manufacturers to regulated utilities,
inclusive of investments in sun, wind and geothermal. maximum of our holdings
are funding grade company bonds with traditionally low default charges. As a
center a part of our investment management and chance/return assessment manner,
we continually evaluate winning and potential future marketplace situations,
guidelines and investment creditworthiness, among different elements, and
modify our portfolio accordingly.”
The declaration stated the insurer manages these belongings
“proactively” to guide Allstate’s claims-paying abilties to offer monetary
safety to its policyholders thru its existence insurance and annuity
merchandise.
Holly C. fair, director of corporate communications for Lincoln
monetary organization, also provided an official remark:
“The record displays information as of yr-give up 2014,
while we have pronounced numbers as of 1Q2016. Please go to the investor
members of the family segment of our website to review our 1Q2016 income call
transcript, wherein we factor to actions we've taken regarding our investment
portfolio and power publicity.”
Beth McGoldrick, assistant vp of public relations for John
Hancock financial offerings and Manulife Asset management, a part of John
Handcock, provided the subsequent declaration:
“Manulife and John Hancock have a properly-assorted,
excessive best funding portfolio with a mix of belongings. Our investments in
the electricity area, specifically, variety throughout all types of strength,
which include huge investments in renewable power. As a matter of coverage, we
behavior huge due diligence on a extensive range of factors, including ability
regulatory modifications, that would affect the returns generated by using, and
the fair marketplace value of, all of our investments.”
in line with the assertion, as of the quit of 2015, Manulife
has invested $nine.four billion in renewable strength and electricity
performance initiatives, with investments consisting of hydro, wind,
geothermal, biomass and solar.
earlier this month, John Hancock announced it changed into
investing $227 million in a different portfolio of rooftop sun installments
with solar town that represents over 2 hundred megawatts of technology
capacity, and to date this year the organisation has invested more or less $1
billion in utilities and oil and fuel and $360 million in renewables, in
keeping with the statement.
The relaxation of the coverage businesses at the list
declined to comment or did no longer reply to a request for remark.
There were additionally numerous carriers called out for
having fairly few investments in oil and fuel:
•ACE – $19,738 – 2.0%
•W.R. Berkley – $11,367 – 1.8%
•QBE – $2,272 – 1.5%
•innovative – $14,a hundred and one – zero.2%
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