P&C carriers pull back from hedge funds: AM Best

Insurers domiciled in the US sharply reduced their hedge fund
investments last year, cutting their aggregate exposure 28 percent
to just under $18bn, according to AM Best.
Life and annuity providers led by American International Group
(AIG) wrenched $5.9bn from the volatile vehicles in 2016 while
property and casualty carriers pulled out $900mn, the ratings
company said in a new report.
The P&C segment withdrew about 10 percent of assets invested
with hedge funds, leaving the total placed wi