InsuranceAUM.com

Episode 105: How to Invest in Private Credit with Bob Morgan, Executive Vice President and Managing Director at 50 South Capital

Join host Stewart Foley as he sits down with Bob Morgan, Executive Vice President and Managing Director at 50 South Capital, to explore the nuances of investing in private credit. Bob provides insights into 50 South Capital’s unique approach as an allocator, discussing how they scrutinize and select managers, negotiate fee structures, and build diversified portfolios tailored to investor needs.

Bob also shares his perspective on the importance of experience through market cycles, the value of private equity-backed loans, and strategies to enhance yield while managing risk. Whether you’re new to private credit or refining your strategy, this episode offers actionable insights into navigating this increasingly popular asset class.

Episode 104: Executive Spotlight: Nazar Alobaidat, Chief Investment Officer of Enstar

In this episode of the InsuranceAUM.com podcast, host Stewart Foley speaks with Nazar Alobaidat, Chief Investment Officer of Enstar Group. Nazar shares insights into navigating the complexities of investment management for a global runoff insurance company, offering a detailed look at how to balance US GAAP accounting with Bermuda’s Solvency Capital Requirement (BSCR).

They explore Enstar’s approach to asset allocation amid today’s volatile markets, discussing alternatives, private credit, and the impact of inflation on portfolio construction. Nazar provides a behind-the-scenes look at how Enstar integrates ESG into its investment strategy, manages exposure to derivatives, and optimizes its use of alternatives for long-term portfolio performance. With a thoughtful take on both risks and opportunities, Nazar also shares personal career advice for navigating the insurance investment industry.

Episode 103: Rip Reeves, Chief Investment Officer and Treasurer at AEGIS Insurance Services

In this heartfelt episode of the InsuranceAUM.com podcast, host Stewart Foley welcomes his longtime friend Rip Reeves, the soon-to-retire Chief Investment Officer and Treasurer of AEGIS Insurance Services. Rip reflects on his remarkable career, from his beginnings in Harahan, Louisiana, to becoming a widely respected leader in the insurance investment world.

Rip shares his experiences managing portfolios through decades of market evolution, from the rise of groundbreaking technologies to the ever-changing complexities of insurance asset management. He also discusses his adventurous personal life, including triathlons, mountaineering, and family relay swims across global landmarks.

As Rip prepares to retire and return to his alma mater LSU to teach investments, he offers insights on the importance of aligning portfolios with insurance liabilities, navigating investment challenges, and maintaining a sense of adventure in life and work.

Episode 102: Emerging Market Corporate Debt with Vic Harling, Head of Emerging Market Corporate Debt at Ninety One

In this episode of the InsuranceAUM.com podcast, host Stewart Foley speaks with Vic Harling, Head of EM Corporate Debt at Ninety One, about the opportunities and challenges in the $2.7 trillion emerging market corporate debt space. Vic highlights the conservative leverage practices of EM companies, the wide range of industries represented, and why market dislocations like those seen in 2022 can create compelling investment opportunities.

The discussion also covers the role of ESG and transition financing in emerging markets, with Vic emphasizing the importance of engaging with heavy emitters to achieve meaningful decarbonization. She explores how EM companies are uniquely positioned to contribute to global sustainability goals, particularly through renewable energy and resource-driven industries. The episode concludes with valuable insights on China’s evolving geopolitical role and practical advice for professionals navigating the financial services industry. This conversation is essential for anyone seeking to understand the value and potential of emerging markets.

Episode 101: Executive Spotlight: Jelani Fenton, Founder and CEO of Safari

In this episode of the InsuranceAUM.com podcast, host Stewart Foley sits down with Jelani Fenton, Founder and CEO of Safari, to discuss how Safari is transforming the talent landscape in the insurance industry. With a focus on diverse, underrepresented talent pools, Safari serves as an incubator for the industry’s next generation of professionals. Jelani shares Safari’s innovative approach to sourcing talent from military transition programs, two-year institutions, and beyond, while providing robust training to help candidates excel in entry-level insurance roles across underwriting, brokerage, and claims.

Jelani also delves into the evolving needs of the insurance industry, highlighting how shifting demographics and an aging workforce present both challenges and opportunities. He emphasizes the importance of connecting with diverse communities and the business case for fostering a workforce that mirrors the population it serves. From addressing the industry’s marketing gap to creating leadership development programs, Jelani shares actionable strategies for bridging the talent gap and fostering entrepreneurial spirit within the industry. If you’re curious about the future of insurance talent and diversity, this episode is a must-listen.

Episode 100: Executive Spotlight: Aaron Diefanthaler, Chief Investment Officer & Treasurer of RLI Corp

oin host Stewart Foley, CFA, and Aaron Diefenthaler, CIO of RLI, for this episode of the CIO Spotlight series. Aaron shares his insights on building resilient insurance portfolios, discussing the renewed role of Treasuries as “ballast” in the investment landscape and how strategic duration management can create flexibility for insurers.

The conversation delves into alternatives, where Aaron reflects on their growing role in insurance portfolios and whether the operational complexities are justified by the potential returns. They also explore the war for talent in the insurance industry, highlighting the importance of attracting the next generation of professionals to this dynamic and often misunderstood field.

Whether it’s navigating ESG challenges or leveraging partnerships for operational support, Aaron offers thoughtful perspectives for today’s insurance asset managers.

Episode 99: What Really Drives Inflation with Mike Ashton, The Inflation Guy

Join host Stewart Foley, CFA, as he sits down with Mike Ashton, "The Inflation Guy" from Enduring Investments, for another insightful episode on the InsuranceAUM.com podcast. Known for his expertise in inflation dynamics, Mike shares his candid perspectives on the Fed's policy moves, inflation's trajectory, and the impact of money supply on price levels.

The conversation delves into the complexities of the yield curve, the Fed’s approach to interest rates versus money supply, and the implications for both institutional and individual investors. Mike also highlights under-discussed metrics like core services excluding rents and explains how they might signal deeper inflationary pressures. With his signature clarity, Mike tackles common misconceptions about inflation, growth, and recession while offering a clear-eyed outlook for the months ahead.

Whether you’re a fixed-income enthusiast, an insurance asset manager, or just curious about macroeconomic trends, this episode provides valuable insights to help you navigate today’s volatile markets.

Episode 98: Benchmark Snapping with Erik Troutman, Senior Insurance Strategist at Loomis Sayles

Join host Stewart Foley on the InsuranceAUM.com Podcast as he delves into the complexities of insurance benchmarking with Erik Troutman, Senior Insurance Strategist at Loomis Sayles. Erik brings over 25 years of experience in insurance asset management to the discussion, sharing insights into the challenges insurers face when evaluating performance through traditional benchmarks.

In this episode, Erik explains the concept of "benchmark snapping," a method that captures an investable universe at a specific point in time, offering insurers a more accurate way to measure manager performance. Learn how this innovative approach aligns with insurance-specific constraints like regulatory requirements, ALM, and credit quality considerations. Erik also reflects on his career journey, the evolving insurance landscape, and why networking is just as crucial as education for career success.

Episode 97: An In-Depth Guide to Maritime Finance with EnTrust Global’s Svein Engh

Explore maritime finance with host Stewart Foley, CFA and Svein Engh, Senior Managing Director at EnTrust Global, on this insightful episode of the InsuranceAUM.com Podcast. Svein shares his expertise in asset-backed lending and the role maritime finance plays in the global economy, where 85–90% of trade is seaborne. Learn how the Blue Ocean strategy capitalizes on underbanked opportunities in maritime lending, offering secure, cash-flow-rich investments tailored for insurance portfolios.

Svein discusses the importance of disciplined, counter-cyclical lending practices, robust asset selection, and navigating the challenges of volatility in this critical industry. He also highlights how EnTrust Global has designed strategies specifically for insurers, emphasizing structured solutions and attractive capital charges. Discover how maritime finance continues to evolve and the growth potential for Blue Ocean in adjacent markets like renewable energy and infrastructure.

Episode 96: Why Impact Investing Goes Beyond Green Bonds

Join host Stewart Foley as he welcomes Matt Lawton, Portfolio Manager at T. Rowe Price, to the InsuranceAUM.com Podcast for an in-depth exploration of impact investing in public fixed income. Matt shares how impact strategies align financial returns with measurable environmental and social outcomes, highlighting the distinctions between impact investing and ESG.

This episode delves into green bonds, the pitfalls of greenwashing, and how insurers can navigate the growing universe of labeled and non-labeled impact bonds. With a focus on tailoring strategies to insurers' specific needs, Matt explains how impact investing complements traditional investment-grade fixed-income allocations while addressing critical climate and sustainability challenges.