Corporate Moves
Madison Dearborn Partners to Acquire Stake in Insurer
The private equity firm will take a minority investment in the Insurance Office of America alongside Canadian broker Navacord.
Tag: insurance
Corporate Moves
Alts Manager Rithm Capital to Acquire Private Credit Shop, Annuity Provider
The firm’s purchase of Crestline Management would create a $53 billion AUM alternative investment platform.
Corporate Moves
Brookfield Moves Into Annuities by Acquiring Just Group
The asset manager’s wealth solutions arm announced it will acquire the defined benefit insurer for $3.17 billion.
Corporate Moves
Legal & General to Form Credit Partnership With Blackstone
The insurer’s annuity and asset management businesses will tap the alternatives giant for private credit offerings.
Corporate Moves
Insurance AUM Has Tripled in Past Decade, Reaching $4.5T Last Year
Insurers are increasingly allocating to alternative investments, with private asset AUM growing to $800 billion from $50 billion since 2015, according to a report from Clearwater Analytics.
Asset Allocation
Insurer Scottish Friendly Chooses Schroders for $2.37B Mandate
The asset manager will manage the mutual life firm’s insurance assets.
Research
Insurers Further Embrace Private Assets, Especially Private Credit
Approximately 62% of insurers plan to increase their private markets allocations, according to a survey of insurance CIOs conducted by Goldman Sachs.
Alternatives
Insurers Continue to Seek Greater Private Markets Exposure
According to Conning’s annual insurance investment risk survey, insurance investors are far less concerned about inflation than in recent years and are piling into private assets.
Corporate Moves
Legal & General to Sell 20% Stake in PRT Business to Meiji Yasuda
In addition to the pension risk transfer stake, the Japanese insurer will acquire all of L&G’s U.S. protection business in a total $2.3 billion deal.
Corporate Moves
Northwestern Mutual to Take Stake in Sixth Street, Form Investment Partnership
The alternative asset manager will manage $13 billion of the insurer’s assets in private credit strategies.
Asset Allocation
Ares Raises $2.3B for Life Insurance and Annuity Subsidiary
The alternative asset manager wants to capture the growing demand for retirement solutions through its insurer, Aspida Holdings Ltd.
Corporate Moves
Private Equity Investment in Insurance Surges, While Global Deals Decline in Value
Private investments in insurance are on pace to end the year with their highest total in more than a decade.
Asset Allocation
How Will Increase in Natural Disasters Affect Insurance, Infrastructure Investors?
While those in insurance may seek more liquidity to defend against events like Hurricane Milton, many in infrastructure believe there must be better ways to anticipate such dangers.
Newsmakers
Ben Riley Promoted to Head of Insurance at T. Rowe Price
Riley’s appointment to the newly created role is effective January 1.
Asset Allocation
Apollo Aims to Double AUM by 2029
During the firm’s investor day, CEO Mark Rowan laid out plans to achieve $1.5 trillion in managed assets, which include leaning into demand for private credit and retirement products.