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A.M.BestTV: Insurers Explore New Paths to Asset ManagementThis A.M.BestTV episode examines how insurers are searching for growth and better yields through new investment opportunities via asset managers, private placements and global venues. Click on http://www.ambest.com/v.asp?v=asset615 to view the video program. Insurers are increasingly looking to outsource part of their investment assets. According to A.M. Best's Assistant Vice President of Industry Research & Analysis Ken Johnson: "Insurers are outsourcing specific targets, such as, private placements and equities, hedge funds and sometimes buying pieces of real estate, rather than their full portfolios. Companies are taking these actions because of having to continue to battle with this low yield environment." The Insurance Investment Outsourcing Report states that "global outsourced insurance assets under management increased by 10.9% during 2014 to $1.41 trillion across 38 companies." In addition, outside insurance asset managers are expanding their strategies as a result of persistently low interest rates. "The real change is the need for insurance investors to look for new places to find income and value on a forward basis," said Woody Bradford, president and chief executive officer at Conning. "Finding these new places will help companies with their portfolios as this is a real big shift for them. At Conning, as elsewhere, we are pursuing a path of globalization to increase the value of our company and what we can offer to our clients." Recent episodes of A.M.BestTV include:
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