InsuranceAUM

By InsuranceAUMBusiness Investing

InsuranceAUM episodes

June 07, 2024 Episode 215: Current Perspectives on Securitized Credit
Today on the InsuranceAUM.com podcast, Stewart Foley speaks with Jean-Marc Breaux, Sector Portfolio Manager Fixed Income Division at T. Rowe Price. Stewart and Jean-Marc take a deep dive into the current state of securitized credit as Jean-Marc shares his unique perspective on this asset class.
28 min
June 06, 2024 Episode 214: Specialty Finance: Low-Correlation Opportunities Lie in Niche Segments
On this episode of the InsuranceAUM.com podcast, Stewart Foley talks to David Ross, Managing Director and head of private credit at Northleaf Capital. Get ready to dive deep into a specialty component of private credit -- asset-backed specialty finance -- and to unpack the correlation between private credit and the broader fixed income market. David shares unique insights on the intersection between diversifications and the Music Modernization Act and makes it clear what’s so cool about Insurance Asset Management.
Find David Ross on LinkedIn: https://www.linkedin.com/in/david-ross-a632a637/?originalSubdomain=uk
Find Stewart Foley on LinkedIn: https://www.linkedin.com/in/stewartfoley/
Find more thought leadership from the coolest minds in Insurance Asset Management at InsuranceAUM.com and https://www.linkedin.com/company/insurance-aum-journal/mycompany/
30 min
May 21, 2024 Episode 213 - Fact vs. Fiction? Tackling the Tough Questions about EM Corporates for Insurers
Welcome to another edition of the InsuranceAUM.com podcast. We are joined today by Elisabeth Colleran, portfolio manager for Emerging Market Debt Portfolios at Loomis Sayles.
30 min
May 15, 2024 Episode 212: Building Flexible Multi-sector Portfolios
In this episode of the InsuranceAUM.com Podcast, host Stewart Foley sits down with Jeffrey Hobbs, CFA, Head of Insurance Portfolio Management at Voya Investment Management. Join us as we dive deep into the dynamic world of insurance asset management, exploring how market trends, liquidity needs, and investment strategies are evolving in response to the current economic landscape. Jeffrey shares his expertise on navigating the higher-for-longer interest rate environment, offering valuable insights into how insurance companies can manage their portfolios effectively amid this backdrop.

We also discuss the growing importance of private credit and the opportunities in commercial real estate, sectors that are becoming increasingly relevant for insurance asset managers. Jeffrey provides a comprehensive overview of Voya's approach to balancing the needs of their general account with those of third-party clients, emphasizing the importance of active management and strategic allocation. Additionally, Jeffrey recounts his personal journey in the industry, sharing anecdotes and career advice for young professionals.

Tune in to gain valuable perspectives on managing insurance portfolios in today's evolving market and to learn from one of the industry's leading experts.
37 min
May 03, 2024 Episode 211: CMLs - The Benefits of Time Tested Experience and In-House Servicing
In this insightful episode of the InsuranceAUM.com Podcast, host Stewart Foley explores the dynamic world of Commercial Mortgage Loans (CMLs) with industry experts Karissa Anderson and Sarah Swartzendruber from Aegon Asset Management. Karissa, the Head of CML Production, and Sarah, the Managing Director of US Real Estate Asset Management, delve into why CMLs are a compelling option for insurance companies, offering benefits such as liability duration matching, capital efficiency, and cash flow stability.

The discussion also covers the recent market shifts affecting CML origination and allocation, the importance of tailored underwriting to meet specific client needs, and the impact of reduced bank lending activity on the market. Karissa and Sarah share their strategies for managing loan workouts and emphasize the value of in-house servicing teams in maintaining close relationships with borrowers. This episode provides a comprehensive overview of the opportunities and challenges in the CML market, making it a must-listen for anyone involved in insurance asset management.
26 min
May 01, 2024 Episode 210: Asset-Based Lending for Insurers with PIMCO’s Kris Kraus, Portfolio Manager & Co-Head of Specialty Finance
In this episode of the InsuranceAUM.com Podcast, host Stewart Foley sits down with Kris Kraus, Portfolio Manager and Co-Head of Specialty Finance at PIMCO, to delve into the evolving world of asset-based lending and specialty finance. Kris shares his journey from growing up in Northern California to his current role at PIMCO, highlighting the unique aspects of insurance asset management.

The conversation covers the definition and scope of specialty finance, its rapid growth since the Global Financial Crisis (GFC), and why it remains a compelling investment opportunity. Kris explains the intersection of market forces that make specialty finance a secular trend rather than a fleeting opportunity. He also discusses the impact of regulatory changes, such as Basel III and CECL, on bank lending and how insurance companies can benefit from these shifts.

Stewart and Kris explore the intricacies of sourcing deals, the role of non-bank originators, and the importance of structuring investments to meet insurance-specific criteria. This episode provides valuable insights for insurance investors looking to navigate the specialty finance landscape and capitalize on the current market dynamics. Tune in for an in-depth discussion on the strategies and opportunities in asset-based lending for insurers.
30 min
April 29, 2024 Episode 209: Modernizing the NAIC’s investment risk oversight framework
In this engaging episode of the InsuranceAUM.com Podcast, host Stewart Foley welcomes Commissioner Nathan Houdek, the Commissioner of Insurance for the State of Wisconsin and Chair of the NAIC (E) Committee, alongside Amnon Levy, Founder and CEO of Bridgeway Analytics. Together, they dive into the critical topic of insurance regulation, focusing on the significant long-term initiative to revamp investment risk oversight.

Commissioner Houdek provides insights into the evolving landscape of insurance investments post-Great Financial Crisis, the increasing reliance on private and structured assets, and the regulatory challenges these changes present. Amnon Levy adds depth to the discussion, exploring the complexities of credit rating agency reliance, the importance of transparency, and the mechanisms for prudent use of agency ratings.

Listeners will gain a comprehensive understanding of the NAIC's (E) Committee’s modernization efforts, the role of the Securities Valuation Office (SVO), and the planned enhancements to portfolio risk analysis capabilities. This episode is a must-listen for anyone interested in the intricacies of insurance regulation and the proactive steps being taken to ensure insurer solvency and consumer protection.
40 min
April 22, 2024 Episode 208: Current Interest Rate Environment and Potential Investment Opportunities
In this episode of the InsuranceAUM.com podcast, host Stewart Foley is joined by Sam Kaplan, CFA, Managing Director and Portfolio Manager at Jennison Associates, for an in-depth discussion on fixed income, the yield curve, and Fed policy implications. They explore the unique aspects of insurance asset management and delve into the current state of the yield curve, the factors driving its ongoing normalization, and the role of Fed expectations in shaping future rate cuts.

Sam Kaplan shares his journey from caddying at a golf club to managing portfolios at Jennison Associates, highlighting the dynamic nature of fixed income management and the constant challenges it presents. The conversation covers key topics such as relative value opportunities, dislocations along the yield curve, and the potential impact of increasing Treasury issuance on yields.

Listeners will gain valuable insights into the complexities of the fixed income market, the drivers behind current market conditions, and the outlook for yields in the coming years. This episode is a must-listen for fixed income enthusiasts and professionals looking to stay ahead in a rapidly evolving market..
35 min
April 17, 2024 Episode 207: UK Commercial Real Estate – Lending into the Recovery
In this episode of the InsuranceAUM.com podcast, host Stewart Foley sits down with Martin Barnwell, Investment Director on the commercial real estate lending team at Aberdeen. Recorded shortly after Stewart's trip to Minneapolis, where commercial real estate lending was a key topic, this episode dives deep into the intricacies of the UK real estate market. Martin shares his journey from Dublin to London, detailing his experiences in real estate debt and the valuable lessons learned along the way.

They discuss the unique aspects of the UK market, the shift from bank-dominated lending to increased participation by insurance companies, and the impact of recent market dislocations. Martin explains how insurance companies are well-positioned to capitalize on current opportunities in commercial real estate lending, emphasizing the benefits of a conservative, investment-grade approach.

Tune in for an insightful conversation on the evolving landscape of commercial real estate lending, the role of insurance in this space, and the promising opportunities that lie ahead. Whether you're an experienced investor or new to the industry, this episode offers valuable perspectives and practical insights.
30 min
April 08, 2024 Episode 206: Investing Opportunities in COIN with TC Wilson of The Doctors Company
In this episode of the InsuranceAUM.com podcast, host Stewart Foley is joined by TC Wilson, Chief Investment Officer of The Doctors Company, to discuss the California Organized Investment Network (COIN). TC shares his impressive background, from being an academic All-American football player at Hampden-Sydney College to his current role as CIO at The Doctors Company.

They delve into the mission and history of COIN, its impact on California's underserved communities, and the benefits for insurers investing in COIN-qualified strategies. TC also highlights the rigorous vetting process of COIN and the legislative changes that have expanded investment opportunities.

Tune in for an engaging conversation that provides valuable insights into the role of COIN and the importance of prudent investment in socially impactful projects.
30 min

About InsuranceAUM

From the publisher's feed

Tune in to the InsuranceAUM Podcast, which features insightful conversations with CIOs, asset managers, and other distinguished professionals in the insurance asset management industry. Each…