2024 AIF Institute Fall Insurance Investing Symposium
October 8 | One Vanderbilt | New York City
AIF invites you to join us in-person for the 2024 AIF Institute Fall Insurance Investing Symposium to be held October 8 at One Vanderbilt in New York City.
Please note: Registration for all AIF Institute symposia is limited to institutional investors and AIF Institute members. If you do not fall into one of these categories, please visit https://aifglobal.org/register to request registration. Thank you.
Agenda at a Glance
Tuesday, October 8
8:15 a.m.
Registration
8:45–9:00 a.m.
Welcome Remarks and Introductions
- Brant Maller, Founder and CEO, AIF Global and the AIF Institute
- Andrew Messer, Executive Director, AIF Global and the AIF Institute
9:00–9:50 a.m.
The Shifting Reinsurance Landscape: Strategies, Trends, and Navigating the Investment Impacts
This session will explore the evolving reinsurance landscape from the perspectives of Life and Annuity and Property and Casualty. Panelists will cover industry dynamics and the influence of rising interest rates, regulatory changes, and increasing capital inflows on reinsurance strategies, including the growing role of offshore reinsurance. The session will also delve into the ever-increasing retirement industry, and the unique role reinsurance can play as a provider of substantial capital. It also examines how market conditions, such as the heightened risk of natural disasters and the adoption of IFRS17, are shaping Property and Casualty investment strategies across the sector. Attendees will gain insights into how these trends, consolidation, and innovative business models reshape portfolio performance and influence the future of reinsurance investment strategies.
Moderator:
- AJ Salomon, Vice President, Investments, Brookfield Wealth Solutions
Panelists:
William Bell, CIO Alternatives, Arch Capital
Joe Cantwell, CIO, Insurance, 26North
- Leslie Vargas, Head of Portfolio Management, Resolution Life US
10:00–11:15 a.m.
NAIC Regulatory Developments: Understanding the Strategic Implications for Insurance Investors
This session will focus on the latest NAIC developments that directly affect insurance investors’ decision-making and portfolio construction. The discussion will cover critical topics such as changing investment guidelines, oversight of agency ratings, and asset classification and capital treatment updates.
Session Leader:
- Amnon Levy, CEO, Bridgeway Analytics
Panelists:
- Richard Cantor, Vice Chairman, Moody’s Investors Service
- John Golden, Global Head of Insurance Regulation, Apollo Global Management and Executive VP, Athene Holding
Nathan Houdek, Commissioner, Wisconsin Office of the Commissioner of Insurance
- Stephen Smith, Head of Insurance Analytics & Institutional Solutions, Neuberger Berman
11:30 a.m.–12:30 p.m.
Defining the Strategic Value of Private Credit in Insurance Investment Allocations
This panel will explore the evolving definition of Private Credit and Asset-Backed Finance within insurance portfolios, focusing on how these assets are perceived by both investors and originators. The discussion will address the strategic considerations for asset allocation, including the balance between portfolio control and accessing relative value, the impact of defining the investable universe too narrowly, and the challenges of managing balance sheet overlap. Join us as we explore how to optimize Private Credit’s role in insurance investment strategies.
Moderator:
- Ruchi Nirula, Managing Director, Apollo Global Management
Panelists:
- Alex Andrzejewski, Portfolio Manager, 400 Capital Management
- Jack Bishop, Senior Managing Director, Private Markets Principal Asset Management
- Bradford LoGatto, Head of Private Credit & Alternative Assets, PartnerRe
- Jason Samansky, Investment Consultant, RVK
12:30–1:30 p.m.
Lunch
1:30–2:30 p.m.
The Future of Private Credit: Impacts and Insights for Insurance Investors
This session will explore the latest trends and challenges in private credit, focusing on the evolving risks institutional insurance investors face. We will examine the impact of distress cycles, shifting market dynamics, and rising interest rates while delving into how the growth of semi-liquid private funds, secondary market liquidity, and new loan trading desks are affecting investor protections. As retail distribution expands and new private credit products enter the market, the regulatory framework and asset management strategies face new pressures. Panelists will provide insights into how these developments could reshape the private credit landscape and the critical risks that may be misunderstood in today’s market.
Moderator:
- Matt Armas, Global Head of Insurance, Goldman Sachs Asset Management
Panelists:
- Wayne Hosang, Managing Director and Portfolio Manager, Crescent Capital
- Nelson Pereira, Alternatives Investment Director, Mercer
- James Urbates, Managing Director, Restructuring & Special Situations, Principal Asset Management
2:30 p.m.
Closing Remarks
AIF Institute Fall Insurance Investing Symposium Participant List
Investor, Consultant and Finance Academic Participants
Aflac Global Investments
Ben Goldberg, Director, Alternatives
Aksia
Alex Dauria, Senior Portfolio Advisor
Alti Financial
Sheryl Schwartz, CIO
Athene Holding
John Golden, Global Head of Insurance Regulation, and Executive Vice President
Vince Marriott, Vice President, Financial Regulation
Arch Capital Group
William Bell, CIO, Alternatives
bfinance
Guy Hopgood, Director, Client Consulting
Bridgeway Analytics
Amnon Levy, CEO and AIF Fellow
Brighthouse Financial
Maria Tarhanidis, Head of Alternative Investments
GE Capital – North American Life & Health
Halie Gates, Senior Investment Analyst
Genworth Financial
Joe McCusker, Senior Vice President, Investments
Liberty Mutual Investments
Won Jae Jung, Director
Mercer
Nelson Pereira, Alternatives Investment Director
MetLife Insurance Investments
Valeri Sewald
NEPC
Matt Maleri, Senior Consultant
Joe Nankof, Senior Consultant
New York Life Investment Management
Jae Yoon, CIO
PartnerRe
Bradford Lo Gatto, Head of Private Credit & Alternative Assets / Senior Investment Analyst, Public Credit
Principal Asset Management
Jack Bishop, Senior Managing Director, Private Markets
Prudential Financial
Abdulla Hairullaev, Senior Investment Analyst
Prudential Life Insurance of America
Jiwoong Park, Investment Vice President
Resolution Life US
Jessie Nguyen, Senior Analyst
Leslie Vargas, Head of Portfolio Management
Risk & Regulatory Consulting
Ed Toy, Director and AIF Fellow
RVK
Jason Samansky, Consultant
TIAA
Michael DeBello, Head of Asset Allocation & Third-Party Investments
Unum Group
Martha Leiper, EVP, CIO
