SLC Management boosts offering for insurers
SLC Management, the $277bn (£218bn) fixed income and alternatives asset manager, has launched a dedicated insurance group to boost its investment offering for those clients.
The SLC Global Insurance Group provides insurers with access to a wide range of opportunities across multiple asset classes, encompassing all of the SLC Management companies, including Crescent Capital Group – an alternative credit asset manager that provides financing to middle-market companies in the US and Europe, and invests in high-yield bonds and broadly syndicated loans.
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The insurance group has over 260 clients and $152bn in assets under management.
“Bringing the SLC Global Insurance Group together is a natural extension of the work we’ve already been doing within the insurance space for the last several decades,” said Brett Lousararian, senior managing director, head of strategic client relationships at SLC Management. “Our deep insurance heritage combined with our diverse suite of investment capabilities has allowed us to create a highly differentiated and tailored experience for our clients, and we’re excited to continue showcasing our unique value proposition within the insurance asset management space.”
The firm also announced that John Cassedy has been appointed as managing director, insurance business development, with effect from 1 July. He joins from DWS Group, where he was head of insurance coverage for the Americas.
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The firm has also recently added Amanda Geuss and Olivia Barden to the SLC Global Insurance Group. Both Geuss and Barden held insurance business development positions at BlackRock’s Financial Institutions Group.
“I’m delighted to welcome John to SLC Management. Adding John’s deep experience in working with insurance companies will be crucial in growing this segment of our business,” said Lousararian. “With the team now in place, SLC Global Insurance Group will focus on accelerating our efforts on a number of different fronts – from evolving our insurance solutions platform to exploring partnership opportunities to deploy equity capital. We’re excited to support a multitude of strategic initiatives for new and existing insurance clients.”
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