Marcos Denegati’s Post

Unlock the secrets of digital asset management with insights from Zinnia partner Digital Asset's CEO Yuval Rooz in this exclusive Q&A. Discover how leading-edge strategies can revolutionize your approach to handling digital assets. Dive deep into the discussion here: https://hubs.la/Q02FdS3M0

Aegon Asset Management’s Karissa Anderson, Head of CML Production, and Sarah Swartzendruber, Managing Director, US Real Estate Asset Management, join host Stewart Foley, CFA with InsuranceAUM.com, to share their valuable insights on why in the CML world, time-tested experience, deep knowledge of all aspects of the deal, and in-house servicing are critical for insurers.   Listen here: https://lnkd.in/dcYKzdvT #commercialmortgageloans #mortgageloanservicing #insuranceassetmanagement

I have always been interested in the insurance company business model, but seeing the activity in private markets is truly remarkable. #insurancecompanies continue to transact and increase exposure to private markets and alternative assets as Aflac (yes, the company with the Duck mascot) acquires a stake in San Francisco-based lower middle-market direct lender Tree Line Capital Partners. The structure of the deal provides Aflac with a 40% interest in the company upon closing. In addition, Aflac is making a multiyear commitment to allocate a portion of its annual investable cashflow to Tree Line Capital Partners as a limited partner in the funds. Yes, this is a GP stakes investment. Were there GP stakes fund managers also evaluating this investment opportunity? Or was it a bilateral discussion given the attractive capital that insurance companies can provide fund managers? Tree Line Capital Partners was founded in 2014 by Managing Partners Tom Quimby and Jon Schroeder with initial backing by funds managed by Stone Point Capital. The firm currently manages $2.7 billion in assets and specializes in direct lending to the lower middle market. Tree Line Capital Partners has committed $5.0 billion in over 360 #investments since inception. Tree Line Capital Partners will retain investment and operational autonomy with their 2 founders continuing to manage the business and serving on its board of directors. Aflac is a major insurance company name in #japan where Aflac Life Insurance Japan is the leading provider of cancer and medical insurance in terms of policies in force. In the U.S., Aflac is the No. 1 provider of supplemental health insurance products. Look for more insurance company acquisitions, minority investments and partnerships in private credit fund managers as a funnel to deploy stable, yielding capital to private markets companies and fund managers. I have had conversations with several insurance companies aiming to transact in 2024, ranging from Japan and #Korea, to the US, UK and Germany. #alternativeassets #privatemarkets #privatecredit #lending #fundmanagers #aflac #insurance #limitedpartners #institutionalinvestors #capitalmarkets #yield #credit #gpstakes

The first two asset-backed securities (ABS), with a total issuance amount of more than CNY2bn ($277 m) and managed by insurance asset management companies, have made their debut on the Shanghai Stock Exchange. China Life Asset Management Company and Taikang Asset Management take the lead in this new operation. On 13 October 2023, five insurance asset management companies, China Life Asset Management, Taikang Asset Management, CPIC Asset Management, PICC Asset Management, and Ping An Asset Management, became the first batch of insurance asset managers approved by the Shanghai Stock Exchange and Shenzhen Stock Exchange to pilot ABS and REIT (real estate investment trust funds) businesses. Prior to this, the asset managers of China's onshore ABS were securities companies or their asset management subsidiaries, with insurance asset managers participating only in an investor role. A total of CNY1,848 billion ($ 260 billion) of ABS were launched in 2023, down 7% year-on-year. The scale of China's existing ABS at the end of 2023 amounted to CNY 4.35 trillion ($0.61 trillion), down 17% year-on-year. The participation of insurer-owned asset management companies in ABS business opens up financing channels and widens the investment scope for insurance funds.#China #ABS #insurancecompanies #assetmanagement

In this H1 2024 Asset Management Market Update, we provide insights on the current state of the insurance market for asset managers and the funds they manage. We also offer our thoughts on what to expect throughout 2024. Read it now: https://ow.ly/hkUU50RtnqW #Insurance #AssetManagers #InsuranceMarketUpdate

Join me on July 31st (9am-10am EST / 2pm-3pm BST) when I speak to members of The Institute of Asset Management (AIM) on the topic of "Resilience and Asset Protection: How Insurance Plays a Role". The discussion will revolve around insurance risk and engineering practices to gain a better understanding of the role insurance plays in your organization’s asset protection. 1) How does your insurance policy work to help manage asset protection and when would it be activated? 2) How can the insurance market appetite change and its impact on your asset protection planning? 3) What additional coverages and resources can my insurance carrier or broker provide? 4) What are the limitation and misconceptions? We will also touch on future/emerging risks, how they may shape insurance programs into the future and where to concentrate your organizations risk management resources. Look forward to you joining!

It was a great pleasure joining an engaging panel at #IAISGlobalSeminar2024 on how insurers are adapting to a changing interest rate environment and its impact on insurer’s asset allocation. In this context, a good risk management is of particular importance. Supervisors are assessing how insurers are managing liquidity risks and the specific risks and challenges associated with investments in private markets.

📌 Key takeaways from today’s #IAISGlobalSeminar2024 panel discussion on how insurers are adapting to a changing #InterestRate environment, growing private capital markets, and risk consolidation through asset-intensive reinsurance: 💡 Higher rates generally improve the pricing of long-term savings products. However, panellists emphasised the need to manage risks like unrealised loss positions in solvency and accounting balance sheets. 📈 Higher spreads from alternative assets may enhance returns but require stronger #RiskManagement. A search for yield has led to increased allocations to #AlternativeAssets. Panellists emphasised the importance of effective asset-liability management (#ALM). Strong #Capital and #LiquidityRisk management, along with robust enterprise risk management (#ERM) are crucial. #StressTesting is necessary to assess asset performance and liquidity needs throughout the credit cycle. The complexity of certain alternative assets underscores the need for asset #Diversification and in-house investment expertise, especially in #Securitisations. 🚀 New entrants employ more aggressive risk strategies. The discussion noted higher risk-taking behaviours of #PrivateEquity-owned insurers, evident in greater allocation to alternative assets and increased use of #Leverage. In cross-border asset-intensive #Reinsurance transactions, risks are transferred but remain in the system, requiring careful monitoring, especially with lower-rated or unrated reinsurers. Close oversight is needed of the quality and liquidity of assets backing ceded premiums and potential accumulation risks in reinsurers' balance sheets. 📊 The IAIS continues to cover these critical supervisory areas in the life insurance sector. The Global Insurance Market Report (GIMAR) reports from 2021 through 2023 have highlighted supervisory areas of attention related to structural shifts in the life insurance sector. Looking ahead, the IAIS plans to continue these efforts with the 2024 GIMAR and a dedicated Issues Paper scheduled for 2025. Speakers: 🔷 Stefan Holzberger – Chief Rating Officer, A.M. Best 🔷 Keisuke Kawasaki – Chief Investment Officer, Nippon Life Insurance 🔷 Tim Schmidt – Senior Vice President and Chief Investment Officer, Prudential Financial 🔷 Julia Wiens – Chief Executive Director for Insurance and Pension Funds Supervision, German Federal Financial Supervisory Authority   Moderator: Charlotte Gerken, Vice Chair of the IAIS Executive Committee (United Kingdom).   🎥 Watch the video replay: https://lnkd.in/eR2San8E 👉 Learn more about IAIS work on financial stability: https://lnkd.in/eCnVBYPk 📓 Read our #GIMAR mid-year update: https://lnkd.in/eyVQBsV5   #IAIS2024 #IAISNews #IAISEvents #InsuranceIndustry #Insurance #InsuranceSector #FinancialStability

Production loss protection, AI-driven diagnostics, and insurance-backed assurance: All key elements in Augury and HSB - Hartford Steam Boiler's new Production Loss Guarantee for improved industrial asset management. Read more here ⬇️

Interesting read from EYs Wealth & Asset Management team about how tech-savvy B2B2C CMOs can transform demand generation with data-driven strategies and collaboration. David “DC” Clarke Cory McCruden Avril Castagnetta Keith Caplan