In the news
In this article, Matt Malloy discussed the increased pressure on insurers to find yield from their portfolios, and the resulting trend of insurers using asset managers with broader multi-asset capabilities. He described how his team is "the filter of ideas both ways" and acts as a "strategic advice engine" for clients who come with questions that are filtered to investors, and investors who come with what they would like to do in the market and whether it is suitable for insurers.
Doug Niemann, Head of Strategy and Analytics for Global Insurance Solutions was featured in this SNL Financial Q&A feature about his role at JPMorgan, the trend of insurers outsourcing asset management and the investment challenges currently facing the industry.
In this article, Matt Malloy discusses the expansion of asset classes and markets that insurers are engaging in, which may imply that insurers are expanding their number of managers. He remarks that insurance companies often have to go to different managers if they are looking to access a new asset class or market and they don't have that capability internally, particularly outside of core fixed income.
Matt Malloy was featured in an exclusive live interview with Bloomberg Television’s “Money Moves” about insurance asset management. Noting the global rise in insurers working with outside asset managers to tackle investment challenges, Matt outlined their growing interest in exploring alternative asset classes, specifically private market credit, infrastructure debt and hedge funds.
In this article from FundFire, Matt Malloy discusses how the trend of insurers seeking third-party managers is partly due to the current low interest rate environment, especially since many insurance companies invest primarily in fixed income strategies. He explains that: "Managers that have a higher level of understanding and expertise and resources allocated to insurance are going to be in demand...It all boils down to how strong of an investor you are, but wrapped around that, you have to have that specialization in insurance."
Bloomberg Businessweek announced that Doug Niemann has joined J.P. Morgan Asset Management’s Global Insurance Solutions team as a managing director to lead the Strategy and Analytics team. Mr. Niemann brings 18 years of insurance industry experience. With four other hires since the beginning of the year, the team consists of more than 30 dedicated insurance professionals globally.
This article from Asia Insurance Review recaps Matt Malloy’s speech from the Asian Insurance CFO Summit in Singapore, on May 15th. Matt noted that the insurance industry's outsourced assets, which currently stand at $1.5 - 2.0 trillion globally, are expected to grow by $1 trillion over the next five years.
Matt remarks that as insurers in developed markets continue to struggle with a persistent low-yield environment, his team has been actively working with clients to identify new and customized strategies to generate yield and income in their portfolios, and has seen increased levels of activity in private market credit.
Pensions & Investments announced that Patrick Tuttle has joined J.P. Morgan Asset Management’s Global Insurance Solutions team as a managing director and senior client adviser. Mr. Tuttle brings more than thirty years of experience advising insurance clients on investment strategies and solutions.
Matt discusses how the economic climate has caused insurers to diversify beyond their traditional investment-grade bond portfolios and seek returns from strategies including emerging market debt, private market credit, infrastructure and high yield equity.
Intelligent Insurer magazine surveyed 13,000 readers including delegates at Monte Carlo, Baden Baden, PCIAA and other regional reinsurance meetings including FIDES (Latin America), EAIC and SIRC (Asia). This group voted J.P. Morgan to be the best U.S. Insurance Asset Manager.
Matt Malloy, Head of Global Insurance Solutions, explains the continued growth in insurance asset management across insurer size, issuer type, geography and asset class in this piece* and press release from FundFire.
Matt Malloy speaks about the evolving role of asset managers as insurance solution providers in this piece from Insurance Asset Manager.
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