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Invesco Ltd. is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.
We offer a wide range of single-country, regional and global capabilities across major equity, fixed income and alternative asset classes, delivered through a diverse set of investment vehicles. We have a broad and deep presence in key markets across the globe and a proximity to our clients with an on-the-ground presence in more than 25 countries and over 8 000 employees.
We are privileged to manage US$1.367 trillion in assets on behalf of clients worldwide (as of January 31, 2021).
Expertise
With over US$100 Billion (31 December 2020) of insurance assets under management globally, we have a deep understanding of the insurance sector and experience in insurance investment management.
Our aim is to develop customized solutions for our clients while optimizing investment returns under specific insurance constraints: liabilities, accounting earnings, regulatory capital and risk management.
Contacts:
Company information:
AXA Investment Managers (AXA IM) is a responsible asset manager, actively investing for the long term to help its clients, its people and the world to prosper. Our high conviction approach enables us to uncover what we believe to be the best global investment opportunities across alternative and traditional asset classes, managing approximately €842 billion in assets as at the end of September 2023. At end of December 2022, AXA IM employs over 2,600 employees around the world, operates out of 24 offices across 18 countries and is part of the AXA Group, a worldwide leader in insurance and asset management.
Expertise:
We partner with insurers to design and deliver optimal solutions for their investment portfolios and achieve their asset yield, capital efficiency and responsible investment objectives. Key elements include:
• Yield enhancing strategies
• Capital efficiency modelling
• Optimising risk/return outcomes
• Outsourced balance sheet management
• Asset liability management (ALM)
• Strategic and tactical asset allocation (SAA/TAA)
• Product range innovation
• Support in developing environmental, social and governance (ESG) and responsible investing approaches
• Insurance-specific reporting
Contacts:
Tim Banks, Director - Institutional Client Group, AXA Investment Managers
Côme Bousquet, Institutional Sales France, AXA Investment Managers
Thought Leadership:
Royal London Asset Management (RLAM) is one of the UK’s leading investment companies, having built a strong reputation as an innovative manager, investing across all major asset classes. RLAM manages over £159.4bn billion of assets (as at 31/03/22), split between equities, fixed interest, multi asset investing, property and cash, with a market leading capability in sustainable investing. Products include funds and segregated accounts investing in government bonds, investment grade, high yield and unrated credit, equity income and equity growth across global developed markets, as well as UK property and cash and short-term money market instruments.
Expertise
Insurance investing is a core part of RLAM’s heritage; we recognise managing assets for insurance companies is typically different to other investors and hence adjust our approach accordingly. We have significant expertise and resource in running insurance-focused mandates reflecting potential constraints and requirements around regulations, capital, liabilities, liquidity and softer aspects such as ESG integration. We assist insurers in designing and optimising insurance portfolios, whilst delivering the ongoing operational and reporting framework needed.
Contacts:
Andrew Epsom, Insurance Client Solutions Director
Hiren Gami, Business Development Executive
Thought Leadership:
Since 1926, Loomis, Sayles & Company has helped fulfil the investment needs of institutional and mutual fund clients worldwide. The firm’s performance-driven investors integrate deep proprietary research and risk analysis to make informed, judicious decisions. Using foresight and flexibility, Loomis Sayles looks far and wide for value – across traditional asset classes and alternative investments – to pursue attractive, risk-adjusted returns for clients.
Expertise
Loomis Sayles matches our long history of alpha generating capabilities with the complex needs of our insurance clients. We offer a suite of differentiated fixed income strategies, each with clear and consistent investment philosophies. We layer in our deep insurance and relationship management expertise to design customized solutions that help meet client objectives.
Contacts:
Colin Dowdall, Director of Insurance Solutions
Lauren McDermott, Insurance Solutions
Thought Leadership:
What Value Can ABS Provide to Insurance Companies?
Insurance ESG Considerations: A Practitioner's Viewpoint On Portfolio Customization
Three Considerations for Insurers Weighing an EM Corporate Debt Allocation
Nuveen is the asset manager for TIAA, one of the world’s most highly rated insurance companies. We leverage our deep expertise in partnering with insurance clients to tailor capital-efficient solutions to meet complex portfolio construction needs. Our platform of $1.1 trillion in AUM offers differentiated investments across private credit and private equity, real assets, fixed income, and responsible investing focused strategies. For more information, please visit www.nuveen.com/insurance.
*As of September 30, 2023
Contacts:
Joseph Pursley, Managing Director, Insurance – Americas
Christina Volkmann, Director, Insurance - Central Europe
Thought Leadership:
Impact measurement and reporting: Insights from an insurer’s experience
Nuveen EQuilibrium 2023 - Global insurance findings
BNP Paribas Asset Management (‘BNPP AM’) is the investment arm of BNP Paribas, a leading banking group in Europe with international reach. BNPP AM aims to generate long-term sustainable returns for its clients, based on a sustainability-driven approach. BNPP AM focuses its expertise on five core capabilities - High Conviction Active Strategies, Emerging Markets, Private Assets, Systematic, Quantitative & Index, and Liquidity Solutions - with investment processes incorporating quantitative, ESG and fundamental research. These capabilities can be combined into multi-asset solutions aligned with our clients’ goals.
Sustainability is core to BNPP AM’s strategy and investment philosophy. Among the leaders in thematic investment in Europe , BNPP AM intends to contribute to a successful Energy transition, healthy Ecosystems, and greater Equality in our societies (our “3Es”). BNPP AM currently manages EUR 576 billion of assets and benefits from the expertise of more than 500 investment professionals and around 400 client servicing specialists, serving individual, corporate and institutional clients in 68 countries.
Source: BNPP AM, as at 30 June 2024
Expertise
Our commitment is to build long-term partnerships with insurers to help them to meet their strategic objectives. We have the capability to advise insurers on optimal strategic asset allocations and risk management strategies taking into account their liability cash-flows, accounting and financial objectives and specific risk constraints. We also have the expertise to build (or take over) and manage investment portfolio actively in order to reach the insurers’ investment targets within defined risk limits such as their solvency capital requirement.
Thought Leadership:
Mid-year investment update – Navigating political turmoil
The Next Phase - Mid-year Outlook.
As an active manager, we build solutions around what matters most to our clients whether it be investing for growth or income, to meet future liabilities, protect capital or invest responsibly. Together, through a strong sense of partnership and collaboration, we support a culture of continued innovation to build long-term relationships as needs evolve over time. Globally we manage over £313 billion (as at 31 December) on behalf of individual and institutional investors including insurers, pension funds, endowments and foundations, sovereign wealth funds, banks and family offices.
Expertise
We offer access to a broad range of capabilities that span both public and private assets including fixed income, equities, multi-asset, real estate, infrastructure and private equity.
Contact:
Christian Thompson. Director, Insurance Solutions
Thought Leadership:
As a leading provider of technology and solutions for risk and return management Ortec Finance works with institutional investors on a global basis. We provide solutions for forward-looking balance sheet simulation to enhance strategic risk management and investment decision-making. This is accomplished through the harnessing of cutting-edge technologies, methodologies by our expert development and consulting teams. Ortec Finance’s strength lies in an effective combination of advanced models, innovative technology, and in-depth market knowledge. Investment professionals rely on this combination of skills and expertise to help them better analyze risk-return in their portfolios.
Expertise
Our software enables investors to optimize portfolio strategy for multiple metrics and horizons simultaneously while taking into account the regulatory capital framework, liabilities, liquidity need and risk appetite. We leverage decades of institutional expertise by using broad, granular asset modeling and dynamic investment strategies & hedging overlays, powered by our superior real-world scenarios.
Contacts:
Hamish Bailey, Managing Director UK, Head of Insurance & Investment
Thought Leadership:
As a leading alternative credit manager with a focus on mortgage and structured credit, Angel Oak utilizes its extensive industry experience and origination capabilities to provide clients with customized solutions. Angel Oak offers one of the most comprehensive structured credit investment platforms in the market, and its deep team of seasoned professionals are dedicated to serving institutional alternative credit investors. Data-driven and vertically integrated, Angel Oak’s comprehensive investment solutions aim to create strategic long-term value for its institutional investor clients.
Expertise
Residential Mortgage Loans: Angel Oak’s affiliated originators are leading producers of non-agency residential mortgage loans (RMLs). Angel Oak offers investment strategies focused on investing in non-QM, second liens, HELOCS and DSCR loans with the goal of issuing securitizations backed by this collateral and retaining bonds from the transactions. Angel Oak’s borrower base consists primarily of small business owners, self-employed individuals and others who are locked out of traditional avenues for achieving home financing despite having strong credit profiles. Angel Oak has a long history of origination, securitization, and management of residential credit exposure for insurance companies in customized separately managed accounts in whole loan form or in bond strategies.
Commercial Lending (CMLs): Angel Oak Commercial Lending originates commercial real estate debt in the middle market commercial sector. Angel Oak originates credit investments across the spectrum of lending products and property types; the firm’s practice covers fixed rate options for stable cash flow generating assets as well as select bridge and transitional lending opportunities that address property-specific value plans. Angel Oak has a complementary history of origination, securitization, and management of commercial real estate credit exposure for separately managed accounts in whole loan form or in bond strategies.
Contacts:
Adam Beeler, Head of Institutional Sales
Bernard Dzata, Managing Director, Institutional Business Development
Thought Leadership:
Angel Oak Institutional: Delivering Customized Investment Solutions
Podcast: Angel Oak and SS&C Discuss Insurance Company Demand for Residential Loans
Mercer is the world’s largest independent insurance investment advisor1. We help insurance clients design and implement capital-aware strategies to optimise their asset portfolio, manage their core strategies across public and private assets, as well as passive and active approaches and integrate responsible investing. Whether insurers wish to execute their own decisions through their in-house team on a leading-edge infrastructure, are seeking out highly rated managers or a combination of both, Mercer can help.
1 The Insurance-Focused Investment Consultant Compendium, October 2020. $423 billion under advisement across 118 clients globally.
Expertise
Mercer provides advisory and discretionary solutions across both public and private markets plus Implemented program management that allows insurers to execute their strategy on Mercer’s infrastructure. Mercer’s focus and expertise: strategic asset allocation, asset liability management, capital and tax-efficient investment strategies and regulatory requirements across multiple lines of business and geographies; market-leading modelling and stress-testing capabilities based on Mercer’s proprietary optimization tools.
Contacts:
William Gibbons, Senior Consultant, Insurance Solutions
Gerard-Jan Berckel, Insurance Solutions Relations
Thought Leadership:
Discover our Insurance Investment Solutions capabilities
Swiss Re is a leading global reinsurer that has been a pioneer in developing the Insurance-Linked Securities asset class since its inception over 25 years ago. Through its Alternative Capital Partners division the firm offers institutional investors the opportunity to participate alongside Swiss Re in catastrophe bonds and portfolios of reinsurance risks. The firm manages over USD 3bn of third-party investor capital which is seeking to benefit from the very lowly correlated returns on offer.
Expertise:
We provide partners with access to the global natural catastrophe reinsurance business alongside Swiss Re, a market-leading franchise with proprietary risk modelling tools. Our products have been structured to optimise capital efficiency, benefit from Swiss Re’s underwriting expertise, alignment of interest and long track record of alternative capital partnerships.
Contacts:
Pierre Wiart APAC Business Development Manager | Alternative Capital Partners, Swiss Re
Thought Leadership:
A leader in insurance asset management innovation
At Aegon AM we lead the insurance market in innovative and capital efficient solution development. We manage GBP 117.7 billion* on behalf of our insurance clients. We achieve this as part of Aegon Group a top 20 global insurance company. Being part of the Aegon Group means our 1,200 professionals work first hand with our affiliates globally to develop and run attractive return on capital solutions. Our in-depth insurer expertise means we are ideally placed to work collegiately with our insurance partners, to deliver and service strategies that are aligned to their needs and Solvency II regulatory framework.
*As at 31 December 2023.
Contacts:
Shaun McWilliam, Insurance Sales - UK and Ireland
Thought Leadership:
Alternative fixed income: Trends and Opportunities
Simple, Transparent and Standardised Asset-Backed Securities
With over €670bn1 in AUM and more than 15001 investment specialists, Generali Investments is an ecosystem of #12 asset management firms, delivering a portfolio of specialist capabilities in more than 20 countries worldwide.
Generali supports each firm to innovate and grow with full investment autonomy ensuring they’re set up to develop sustainable and innovative solutions.
For investors, this means access to highly entrepreneurial firms, with the security of our support.
Our solutions are greater than the sum of their parts. They’re built from a variety of specialist capabilities from across our portfolio, to help investors unlock opportunities with the aim to generate long-term performance.
The asset management firms part of our platform are: Generali Asset Management, Generali Real Estate, Infranity, Sycomore AM, Aperture Investors, Lumyna Investments, Plenisfer Investments, Conning1 and its affiliates Global Evolution Asset Management, Octagon Credit Investors, Pearlmark Real Estate.
1Includes Conning, Inc., Conning Asset Management Limited, Conning Asia Pacific Limited, Conning Investment Products, Inc., Goodwin Capital Advisers, Inc. (collectively, “Conning”).
Expertise
The Generali Investments ecosystem is structured around a number of strategic capabilities that aim to suit investors’ needs. Our key investment capabilities include: Fixed Income, Equities, Emerging Markets, Multi Asset, Multi Strategies, Liquid Alternative Investments, Private Assets (direct and FoF), Real Estate and Infrastructure investments.
Contacts:
Tim Rainsford, Chief Products & Distribution Officer
Paolo Casadonte, Head of Projects & Business Relationship Management
Federated Hermes is a global leader in active, responsible investing.
Guided by our conviction that responsible investing is the best way to create long-term wealth, we provide specialised capabilities across equity, fixed income and private markets, multi-asset and liquidity management strategies, and world-leading stewardship.
Our goals are to help people invest and retire better, to help clients achieve better risk-adjusted returns and, where possible, to contribute to positive outcomes that benefit the wider world.
Expertise
We offer insurers specialised investment solutions in public and private markets, and pioneering stewardship services:
Active equities: Diverse range of global and regional high-active share strategies
Fixed income: Dynamic security selection across the fixed-income spectrum
Liquidity: Cash-management pioneer and money-market leader
Private markets: Multiple access routes to world-class assets in infrastructure, private equity and debt, and real-estate markets
Stewardship: Global stewardship pioneer and advocate for responsibility
Contacts:
Jaeger Scott, Associate Director – Business Development, UK & Ireland (Insurance)
Douglas Anderson, Executive Director - Head of International Consultant Relations
Thought Leadership:
Locating the sweet spot in direct lending
Insurers have been building investment partnerships with Wellington since 1975. Our goals since then have remained evergreen – to exceed the investment objectives and service expectations of our clients. As an integral part of Wellington’s global investment platform, our dedicated Financial Reserves team offers a breadth and depth of resources and experience to serve our insurance clients as a go-to thought partner, risk manager, and trusted advisor for complex investment challenges. Today’s unprecedented challenges require unconventional solutions, and our collaborative strategic and proactive risk management approach helps our clients to be well-prepared.
Expertise
Our insurance work is tailored for each client drawing upon the experience of Wellington’s dedicated Insurance team of 60 specialists. The team consists of portfolio managers, relationship managers, and functional specialists who have a deep understanding of the nuanced, and ever evolving, financial, accounting, and regulatory complexities facing our insurance clients.
Contacts:
Rich Coffman, Business Development Manager, Americas
Bob Sharma, CFA, Relationship Manager, EMEA
Thought Leadership:
2024 Insurance Outlook: Position portfolios for the unexpected
Founded in 2008, Ardea Investment Management is one of Australia’s largest fixed income managers. Our global client base ranges from the largest institutional investors and asset consultants to a diverse range of wholesale and retail clients. Ardea’s highly differentiated relative value approach offers a compelling alternative to conventional fixed income strategies and strong track record of performance in the most difficult market environments.
Our philosophy is that fixed income markets are inefficient and inconsistent pricing between securities with similar risk characteristics is common. These ‘mis-pricings’ are driven by technical factors and the prevalence of market participants who are not focused on profit maximisation. We seek to exploit these inconsistencies.
Expertise
Our relative value approach is duration neutral and excludes credit. Performance is independent of bond yield levels, interest rate directions, and macro-economic factors. Our portfolios diversify traditional fixed income and equity market risk, often appreciating when these asset classes retreat. We target consistently low performance volatility and offer reliable daily liquidity
Contacts:
