SLC Administration, the $277bn (£218bn) mounted earnings and alternate options asset supervisor, has launched a devoted insurance coverage group to spice up its funding providing for these shoppers.
The SLC International Insurance coverage Group supplies insurers with entry to a variety of alternatives throughout a number of asset lessons, encompassing the entire SLC Administration corporations, together with Crescent Capital Group – an alternate credit score asset supervisor that gives financing to middle-market corporations within the US and Europe, and invests in high-yield bonds and broadly syndicated loans.
Learn extra: Brookfield Asset Administration expands insurer consumer base
The insurance coverage group has over 260 shoppers and $152bn in property below administration.
“Bringing the SLC International Insurance coverage Group collectively is a pure extension of the work we’ve already been doing inside the insurance coverage house for the final a number of many years,” stated Brett Lousararian, senior managing director, head of strategic consumer relationships at SLC Administration. “Our deep insurance coverage heritage mixed with our various suite of funding capabilities has allowed us to create a extremely differentiated and tailor-made expertise for our shoppers, and we’re excited to proceed showcasing our distinctive worth proposition inside the insurance coverage asset administration house.”
The agency additionally introduced that John Cassedy has been appointed as managing director, insurance coverage enterprise improvement, with impact from 1 July. He joins from DWS Group, the place he was head of insurance coverage protection for the Americas.
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The agency has additionally lately added Amanda Geuss and Olivia Barden to the SLC International Insurance coverage Group. Each Geuss and Barden held insurance coverage enterprise improvement positions at BlackRock’s Monetary Establishments Group.
“I’m delighted to welcome John to SLC Administration. Including John’s deep expertise in working with insurance coverage corporations can be essential in rising this section of our enterprise,” stated Lousararian. “With the crew now in place, SLC International Insurance coverage Group will concentrate on accelerating our efforts on a variety of completely different fronts – from evolving our insurance coverage options platform to exploring partnership alternatives to deploy fairness capital. We’re excited to assist a mess of strategic initiatives for brand new and current insurance coverage shoppers.”
Learn extra: Invictus Capital Companions launches insurance coverage options enterprise
