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Summary
What are the impacts on fixed income and private assets for insurers admist market volatility?
Uncertainty seems to be the only constant for insurers these days. Against a backdrop of high inflation, continuing geopolitical tension and a patchy economic outlook, managing an insurer’s investment portfolio requires a full view spectrum of the entire end to end insurance lifecycle. In a free to view webinar, offered in partnership with S&P Global Intelligence, our expert panel will discuss what is informing smart insurers’ investment strategies – and how accepted wisdom no longer holds.
Topics up for discussion include:
- From inflation to geopolitical, what are the most worrying macro-economic signals that insurers are monitoring?
- As more attractive yields on fixed income securities work through, how are insurers responding?
- How far will insurers go in raising their risk tolerance in light of increasing private assets?
- What insurance business trends are influencing investment decisions, for example to do with liquidity and ALM?
- How important is sustainability on the agenda for CIO/CFOs on the investment frontline?
- What regulatory developments could affect insurers’ investment allocations in the future, for example around IFRS 17 or evolving Solvency II rules?
- Regional bank failures stoked fear of a banking crisis recently; what ‘known unknown’ keeps our panel members awake?
Moderator
S&P Global Market Intelligence
Ben Dyson
S&P Global Market Intelligence
Senior Insurance Reporter, EMEA
Ben Dyson is an insurance reporter covering the EMEA region at S&P Global Market Intelligence.
He has been a financial journalist for 23 years and has covered insurance and reinsurance for 20 of those years. Before joining S&P Global Market Intelligence in November 2017 Ben was finance editor at Insurance Times, a publication focusing on the U.K. general insurance market. He started his journalism career at Reactions, a magazine covering the global reinsurance market.
Speakers
Aurora Swithenbank
Vantage Group Holdings Ltd
Chief Financial Officer
Aurora Swithenbank has 20 years of work experience, having led capital markets transactions in the insurance and reinsurance sectors
Aurora Swithenbank has 20 years of work experience, having led capital markets transactions in the insurance and reinsurance sectors, including ILS, debt, equity, and derivatives. Aurora was previously a Partner in the Investment Banking Division at Goldman Sachs.
Eleanor Bucks
Lloyd’s of London
CIO
Eleanor worked for Lloyd’s, Legal & General where she was the Chief Operating Officer of its alternative asset platform, Legal & General Capital.
She has 20 years of experience in insurance and finance including several roles at Legal & General as Chief Investment Officer and Managing Director, Direct Investment and Real Assets for Legal & General Retirement. She has also served as Chair of LGIM Real Asset’s Alternative Investment Fund Manager and a Director or Legal & General’s Single-Family Build-to-Rent business.
Joe Pursley
Nuveen (part of TIAA)
Head of insurance, Americas
Joseph is responsible for leading Nuveen’s insurance asset management efforts in the U.S., Canada and Latin America. He works with Nuveen’s global distribution teams to help implement a globally coordinated, but locally executed, approach to insurance.
Joseph is responsible for leading Nuveen’s insurance asset management efforts in the U.S., Canada and Latin America. He works with Nuveen’s global distribution teams to help implement a globally coordinated, but locally executed, approach to insurance. He also works closely with Nuveen’s Responsible Investing team as the firm collectively engages with insurance companies on various ESG integration and impact investment topics and assists them as they navigate their bespoke sustainability journeys.
Most recently, Joseph was a Managing Director and Head of North America Insurance Distribution at Allianz Global Investors. Prior to that, Joseph was with Aberdeen Standard Investments for over 11 years where he was responsible for business development across insurance general account, defined benefit, defined contribution and corporate balance sheet assets. He has previously held positions at Nationwide Funds, BlackRock and Cambridge Associates.
Joe graduated with a B.A. in Economics from Ursinus College in Pennsylvania. He is a Certified Investment Management Analyst (CIMA®) professional and has completed the CFA's Certificate in ESG Investing program.
Michel Leonard
Insurance Information Institute
Chief economist
Dr. Michel Léonard, CBE, leads the Triple-I’s Economics and Analytics Department.
Dr. Michel Léonard, CBE, leads the Triple-I’s Economics and Analytics Department. He is responsible for providing analysis and insight on industry economics and business performance, as well as other forward-looking, data driven insurance insights.
Michel brings more than twenty years of insurance experience to Triple-I, including senior and leadership positions as Chief Economist for Trade Credit and Political Risk at Aon; Chief Economist at Jardine Lloyd Thompson; Chief Economist and Data Scientist at Alliant; and Chief Data Scientist at MaKro LLC. In these roles, he worked closely with underwriters, brokers and risk managers to model risk exposures for property-casualty and specialty lines such as credit, political risk, business interruption and cyber.
Michel also currently serves as adjunct faculty at New York University’s Economics Department. Previous academic appointments include Adjunct Faculty in NYU’s Center for Data Science and Adjunct Faculty at Columbia University’s Data Science Institute and Statistics Department. He was the recipient of a grant from the Spencer Educational Foundation to develop a course in data analytics for insurance. In these capacities, Michel provides a key link between the Triple-I, its Non-Resident Scholars and academia.
Michel holds a Bachelors of Arts from McGill University, a Masters of Theological Studies from Harvard University, and a Masters of Arts and Doctorate of Philosophy in Political Economy from the University of Virginia, focusing on qualitative and quantitative risk modeling. He is a member of the Insurance Research Council Advisory Board.
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