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Insurance, Investment and Asset Management

Managing Assets for Insurers

Investment strategies in a negative yield environment

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Speakers include:
Tim Schmidt

Tim Schmidt

Prudential Financial

Emily  Kreps

Emily Kreps

CDP

Hugh  Savill

Hugh Savill

Association of British Insurers (ABI)

Overview

The global economy is contracting more quickly than at any time since 1900 due to the COVID-19 pandemic, with all major economies, in Europe and beyond, in deep recession. Stock markets are seeing extreme volatility and bond markets are reflecting a financial system under enormous strain, as central banks cut interest rates to ultra-low levels and restore quantitative easing at a larger scale than ever before.

Record amounts of money have been pulled from investment funds in the current turmoil. Where can insurers find yield in this environment? Will alternatives become the new norm? What about junk bonds, distressed debt and other riskier assets? Do insurers have the required hedging policies to protect themselves? Will responsible investing become more or less attractive?

The Financial Times and MandateWire present the annual FT Managing Assets For Insurers conference, gathering insurance leaders and investors to discuss the most effective strategies to deliver returns and find some sort of stability amid a devastating economic outlook and extreme market volatility.

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fallback Add to my Calendar 09/14/2020 12:00:0009/14/2020 19:00:00trueManaging Assets for InsurersThe global economy is contracting more quickly than at any time since 1900 due to the COVID-19 pandemic, with all major economies, in Europe and beyond, in deep recession. Stock markets are seeing extreme volatility and bond markets are reflecting a financial system under enormous strain, as central banks cut interest rates to ultra-low levels and restore quantitative easing at a larger scale than ever before.Record amounts of money have been pulled from investment funds in the current turmoil. Where can insurers find yield in this environment? Will alternatives become the new norm? What about junk bonds, distressed debt and other riskier assets? Do insurers have the required hedging policies to protect themselves? Will responsible investing become more or less attractive?The Financial Times and MandateWire present the annual FT Managing Assets For Insurers conference, gathering insurance leaders and investors to discuss the most effective strategies to deliver returns and find some sort of stability amid a devastating economic outlook and extreme market volatility.Managing-Assets-for-Insurers378800bce21ecf8790c65fb2eb134450MM/DD/YYYY

2019 Managing Assets for Insurers UK Highlights

2019 Managing Assets for Insurers UK Highlights

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Speakers (7)

Tim Schmidt

Tim Schmidt

Senior Vice President and Chief Investment Officer
Prudential Financial

Tim Schmidt is Senior Vice President and Chief Investment Officer for Prudential Financial, Inc. responsible for asset/liability management, portfolio construction and investment strategy for Prudential’s international and domestic business operations. Schmidt also oversees the company’s alternative asset investing and the hedging of variable annuity guarantees and chairs the Senior Asset Liability Committee. In addition, he serves as Prudential’s representative to the Institute for International Finance’s Committee on Asset and Investment Management.​

Previously he was the head of Global Portfolio Management for Prudential responsible for the investment portfolio and asset/liability management for Prudential’s global business operations. Before that Tim was responsible for the overall asset/liability management for Prudential’s Retirement and Group Insurance businesses, and for providing leadership in the ongoing efforts to improve investment results and return on investment risk capital across all portfolios.​

Prior to joining Prudential in July 2010, Tim served as CFO for MetLife’s Individual Business, which included the individual life and annuities businesses and MetLife’s Affiliated Distribution Group. Before that, he headed MetLife’s Wealth Strategy Group, which included MetLife’s Brokers/Dealers. Earlier during his 25-year tenure at MetLife, Tim held various positions in the investment organization, including head of MetLife’s Portfolio Management Unit, as well as its Structured Finance and Government Securities units. He started at MetLife as a private placement credit analyst.​ 

​Tim earned an MBA from Northwestern University’s Kellogg Graduate School of Management and a bachelor’s degree in accounting and economics from Augustana College. He also holds the Chartered Financial Analyst designation.​

Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

Emily  Kreps

Emily Kreps

Global Director, Investor Initiatives
CDP

Emily Kreps leads the Investor Initiatives program at CDP, which supports investors, companies, cities, states and regions in disclosing and managing their environmental impacts. She is experienced in defining and leading sustainable and responsible businesses, including a period as head of corporate development for a renewable and alternative energy company, as well as various start-up CFO positions.

In her previous career, Emily spent more than a decade as an investment banker and an equity salesperson for Goldman Sachs and Credit Suisse. She received her degree from the School of Foreign Service at Georgetown University.

Hugh  Savill

Hugh Savill

Director of Regulation
Association of British Insurers (ABI)

Mr Savill is Director of Regulation at the ABI, with accountability for relations between the insurance industry and the Bank of England on prudential regulation, for relations with the Financial Conduct Authority on conduct regulation, and also for taxation issues affecting insurers.

He sits on the Executive Committee of the ABI, and reports through the Prudential, Finance and Tax Committee to the ABI Board. At the ABI he has held a number of Assistant Director roles, covering EU and international affairs, UK public affairs, and ABI member relations and events. He was temporary Director of Investment Affairs for 18 months before moving into his current role in 2012.

He joined the ABI in 2005 from the UK Department of Trade and Industry (DTI), now the Department for Business, Innovation and Skills. In 20 years at the DTI, Hugh worked on the finance and governance of the Department, faced off to the Scott Inquiry into the sale of arms to Iraq, and specialised in the negotiation of EU regulation.

He is a well-known insurance lobbyist at European and International level, member of the ECOFIN Committee of Insurance Europe, and chairs the Capital Task Force of the Global Federation of insurance Associations.

He was educated at Harrow School, and read Modern Languages at New College, Oxford University.

Karl Chappell

Karl Chappell

Director of Asset Management
Resolution Life Group

Karl Chappell is Director of Asset Management at Resolution Life Group, accountable for the investment management business across Resolution’s acquired life insurance companies globally, and is responsible for strategic asset allocation, portfolio strategy and design, asset-liability management, investment risk management, investment operations, and M&A investment advisory. Karl is Chief Investment Officer of Resolution Re and Resolution’s newly acquired US life business. In 2013, Karl joined the Management Team of Resolution Life Inc. in the US as Managing Director of its investment management business, based in New York. During the following four year period, Karl established and built the investment management business, covering the front-office capability through to the middle- and back-office operations. Prior to his move to the US, Karl was Head of Capital Management and ALM for Resolution Operations LLP in the UK. Karl joined Resolution from UBS Investment Bank, where he served as Director in the Insurance Solutions and Financing Group. Karl previously spent seven years as a senior member of the Insurance Practice of Oliver Wyman, working in Europe, the US, and Asia. Karl began his career at KPMG in the Pensions practice, and is a Fellow of the Institute of Actuaries.

Toby Belsom

Toby Belsom

Director of Investment Practices
Principles for Responsible Investment

Toby Belsom is director of investment practices at the Principles for Responsible Investment.  Prior to joining the PRI, he spent 13 years at Aviva as a portfolio manager with specialist knowledge of oil and gas, support service, industrial and mining sectors and as an equity analyst in the Sustainable Future Team covering core themes of climate change, resource and energy efficiency and new vehicle technology. Toby holds an MSc in Environment & Business from Imperial College London and a BSc in geography from Bristol University.

Remmert  Koekkoek

Remmert Koekkoek

Head of Insurance & Pension Solutions
Robeco

Remmert Koekkoek is Head of Insurance & Pension Solutions at Robeco. In this role, he focuses on the management of balance sheet solutions and buys and maintains portfolios for insurance companies and pension funds. He has worked at Robeco since 2011. Prior to joining Robeco, he was part of the insurance and pension solutions group of Credit Suisse in the period 2010 – 2011, where he was responsible for providing hedging and investment solutions to Dutch pension funds and insurance companies. Between 2005 and 2010 Remmert worked at Robeco's as structurer in the Structured Investment team. He started his career in the industry in 2004 at ING Risk Management. Remmert holds a Master's (cum laude) in Econometrics from Erasmus University Rotterdam.

Wolfgang  Kuhn

Wolfgang Kuhn

Director of Investor Engagement
ShareAction

Wolfgang Kuhn is Director of Investor Engagement at ShareAction with 20 years’ experience in fixed income markets, investing in corporate and government debt on behalf of institutional investors around the globe. With a strong interest in risk management, he has been on a quest for the right approach to sustainability in bond management since 2006. Wolfgang is convinced that the orthodox investment framework of risk and return is dangerously incomplete, and needs to be complemented by a third one, real-world impact. His most recent role was that of Head of Pan-European Fixed Income at Aberdeen Asset Management, managing European credit and macro teams. Previously, he worked for UBS, Deutsche Asset Management and DG Bank. Wolfgang graduated from the Technical University of Berlin, having also studied at University of Wisconsin and University of Freiburg. Wolfgang is a CFA Charterholder, a Certified EFFAS Financial Analyst (CEFA) and a Financial Risk Manager (FRM).

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Chair (1)

Oliver  Ralph

Oliver Ralph

Insurance Correspondent
Financial Times

Oliver Ralph is the Insurance Correspondent at the Financial Times. Prior to this Mr Ralph was Deputy Head of Lex since 2014, specialising in banking, finance and consumer. He has also been a Lex writer and, prior to this, the FT UK Companies Editor. He joined the Financial Times in 2009, having worked at Investors Chronicle from 2000 to 2009 and Euromoney from 1998 to 2000. He graduated from the University of Edinburgh in 1996.

Who Attends?

This event is free to attend for professionals representing insurance firms with job titles including: 

  • Chief Investment Officer
  • Chief Risk Officer
  • Heads of Asset Liability Management
  • Heads of Capital Management
  • Heads of Asset Allocation
  • Members of investment committees 

A limited number of paying places are available to senior representatives of professional service firms, asset managements, fund management, technology, payments companies and business consultancies to purchase here.

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Organisers (2)

The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. The FT has a record paying readership of one million, three-quarters of which are digital subscriptions. It is part of Nikkei Inc., which provides a broad range of information, news and services for the global business community.

MandateWire is a leading source of institutional asset management intelligence. It’s a financial information database delivering high-value sales intelligence, market data and analysis to the European, North American and Asian institutional investment market. By leveraging close relationships with many leading global institutional investors, MandateWire provides fund managers, investment banks and specialist investment houses with well-timed and credible intelligence on investor strategies and business opportunities.

With a particular focus on hard-to-find private information, MandateWire is a proven sales and business development tool providing reports on confirmed and forthcoming tenders, as well as analysis of market trends and finalised deals. Our database holds key contact details for over 20,400 institutional investors, with a combined known worth of over $76tn in 2017.

With MandateWire, you can extract reports on a single investor, on particular consultants and managers, or institutional investors around the world. Search results can also be split into equities, fixed income and alternatives, so you can view activity in those asset classes. We have skilled, multi-lingual journalists and researchers based in London, New York, Hong Kong and Manila. Engaging with investors in their native language, they focus on relationship-building within their specific market: this leads to unique and dependable institutional intelligence.

The MandateWire CRM Integration Solution takes the power of MandateWire (Intelligence, Investor/ Consultant Directories and Analysis) and centralizes it within Salesforce to dramatically improve the workflow of your sales team.

To learn more on how MandateWire can help you win more business, or to sign up for a free trial and emo, visit: www.mandatewire.com.

Platinum Sponsor (1)

MetLife Investment Management serves institutional investors by combining a client-centric approach with deep and long-established asset class expertise. Focused on managing Public Fixed Income, Private Capital and Real Estate assets, we aim to deliver strong, risk-adjusted returns by building tailored portfolio solutions. We listen first, strategize second, and collaborate constantly as we strive to meet clients’ long-term investment objectives. Leveraging the broader resources and 150-year history of the MetLife enterprise helps provide us with deep expertise in navigating ever changing markets. We are institutional, but far from typical.

Sustainable Platinum Sponsor (1)

Robeco is a pure play international asset manager founded in 1929. It currently has 17 offices worldwide and is headquartered in Rotterdam, the Netherlands. Through its unique integration of fundamental, sustainable and quantitative research, Robeco is able to offer both institutional and private investors an extensive selection of active investment strategies, covering a broad range of asset classes. As at 30 September 2019, Robeco had EUR 199 billion in assets under management, 72% of which were institutional. Robeco is a subsidiary of ORIX Corporation Europe N.V. which had assets under management of EUR 313.9 billion as at 30 September 2019.

 

As an active owner Robeco engages with companies on plastic and waste management. It is proud to be the Sustainability Investing Partner of City to Sea, subscribing to their mission to prevent marine plastic pollution at source. As the supporting partner of their Refill Campaign – designed to promote the use of refillable bottles - Robeco will be offering reusable water bottles and free refills for the Insurers conference delegates.

 

Learn more about Robeco and the Refill project at www.robeco.com

As an active owner Robeco engages with companies on plastic and waste management. It is proud to be the Sustainability Investing Partner of City to Sea, subscribing to their mission to prevent marine plastic pollution at source. As the supporting partner of their Refill Campaign – designed to promote the use of refillable bottles - Robeco will be offering reusable water bottles and free refills for the Insurers conference delegates.

 

Learn more about Robeco and the Refill project at www.robeco.com

Silver Sponsor (1)

HSBC Global Asset Management, the investment business of the HSBC Group, is dedicated to managing assets for a diverse client base from retail and private banking clients to intermediaries, commercial and corporate clients and some of the biggest institutional investors in the world. We have USD516.4bn (September 2019) of clients’ assets under management. We have an asset management presence in 26 countries offering a comprehensive range of investment strategies, with expertise across all major asset classes.

Exhibitors (2)

Amundi is the European largest asset manager by assets under management and ranks in the top 10 globally. It manages 1,563 billion euros of assets across six main investment hubs. Amundi offers its clients in Europe, Asia-Pacific, the Middle East and the Americas a wealth of market expertise and a full range of capabilities across the active, passive and real assets investment universes. Clients also have access to a complete set of services and tools. Headquartered in Paris, Amundi was listed in November 2015.

 

Thanks to its unique research capabilities and the skills of close to 4,500 team members and market experts based in 37 countries, Amundi provides retail, institutional and corporate clients with innovative investment strategies and solutions tailored to their needs, targeted outcomes and risk profiles.

 

Visit amundi.co.uk for more information.

Pictet Asset Management is an independent asset manager, overseeing over GBP 157billion for our clients across a range of equity, fixed income, alternative and multi asset products. We provide specialist investment services through segregated accounts and investment funds to some of the world’s largest pension funds, financial institutions, sovereign wealth funds, intermediaries and their clients. We have 990 employees located in 17 offices across the world, close to the markets in which we invest and the clients we serve.  We have had an office in London since 1980. This is an investment centre with nearly 300 employees where we have a dedicated team looking after our UK clients. We are part of the Pictet Group, founded in Geneva in 1805. All data as at end of December 2019.

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