
Newsmakers
Juan Bernal Appointed CIO of Insurer MAPFRE
Bernal’s appointment as investment chief of the $40 billion insurance asset manager is effective May 1.
Insurers who manage $13 trillion in the Americas and APAC see high returns in private credit, according to Goldman Sachs’ 13th annual global insurance survey.
These types of transactions are rising, due to an increase in pension funding and the positive outlook on the U.K. insurance sector.
The tiff over Brookfield’s new acquisition underscores the pros and cons.
The reinsurer was set up to manage risk from the booming pension transfer and retail annuity markets.
The U.S. asset manager, which focuses on insurance, will keep CEO Woody Bradford.
The industry also is expanding its exposure to stocks and alts, amid rising rates.