Newsmakers
Blue Owl Capital Names Deva Mishra as Head of Insurance Solutions
Effective July 6, Mishra will help build out the investment manager’s insurance platform.
Tag: insurance
Newsmakers
PGIM Hires New Insurance, Partnerships Leader
Brian Towers, formerly of Blackstone, will lead a team designing offerings to meet the complex needs of specialized investors.
Newsmakers
Despite Private Credit Worries, Insurers’ Demand for Alts Remains Strong
Insurers are looking to expand their investments in asset-based finance assets and other investment-grade opportunities, according to AllianceBernstein’s CIO for insurance.
Pensions
Swiss Re Makes Inaugural US Retiree Longevity Transaction
The $2 billion transaction was conducted with Athene as counterparty.
Asset Allocation
Insurance-Linked Securities Saw Record Issuance in 2025
ILS issuance totaled $24.7 billion last year, according to a report from Swiss Re.
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.
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.