Zurich Insurance Group AG, the biggest Swiss insurer, shifted some funds from easy-to-trade assets such as government bonds into investments including real estate and infrastructure, interim Chief Financial Officer Vibhu Sharma said.
Fuels and precious metals led commodities lower and Treasuries rose before the Federal Reserve announces its plans for monetary policy tomorrow. The Standard & Poor’s 500 Index fell while the benchmark gauge of equity volatility extended gains to a two-month high.
Swiss Re Ltd. Chief Financial Officer George Quinn said the world’s second-biggest reinsurer is seeking to bolster its primary insurance unit through acquisitions in countries such as China, India and Brazil.
Swiss Re Ltd. Chief Financial Officer George Quinn said the world’s second-biggest reinsurer may invest another $5 billion in corporate debt and infrastructure this year as it shifts away from low-yielding government bonds.