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Deloitte says pension-funding emphasis will shift

Published on .

New York--Deloitte Consulting and Deloitte & Touche L.L.P. said Thursday that pensions will shift from public to private administrators in the coming year. Because more countries are expected to privatize their pension programs, insurers have big opportunities looming in the asset-management business, said Mike LaPorta, Deloitte Consulting global director of insurance. Owen Ryan, managing partner for the national insurance practice of Deloitte & Touche, said terrorist attacks and other disasters are putting pressure on the insurance industry’s capital base.
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