Investcorp, a world supplier and supervisor of different funding merchandise, has launched Investcorp Insurance coverage Options platform, a newly fashioned enterprise that can concentrate on offering funding administration providers for insurers.
The corporate has employed Todd Fonner as Chief Funding Officer, who has over 28 years of expertise within the insurance coverage and asset administration industries.
He has held a wide range of roles throughout capabilities together with investments, treasury, enterprise threat, underwriting and technique.
Most just lately, Fonner served as Senior Managing Director, CIO North America, Blackstone Insurance coverage Options till 2020 the place, he contributed considerably to the construct out of the Blackstone Insurance coverage Options platform fashioned in late 2017.
He additionally has held CIO, Treasurer and Chief Threat Officer roles at RenaissanceRe Holdings, the place he spent practically 15 years of his profession.
“The formation of Investcorp Insurance coverage Options is a milestone for us and aligns with our technique of continuous to increase our suite of choices to satisfy the evolving wants of our purchasers,” stated Mohammed Alardhi, Government Chairman of Investcorp.
“Our deep expertise and data throughout a broad vary of different asset courses and techniques makes us a super accomplice to insurers who’re more and more allocating to non-public investments as an vital supply of alpha in right now’s atmosphere.”
“I’m excited to welcome Todd to Investcorp and consider the deep expertise he brings inside the insurance coverage and asset administration industries can be vital to our success in constructing out this new enterprise,” added Rishi Kapoor, Co-Chief Government Officer of Investcorp.
“That is yet one more testomony to Investcorp’s dedication to uncovering alternatives with secular tailwinds and placing the precise groups behind them to construct and develop the platform as we proceed to seek out methods to higher serve our purchasers.”
Fonner additionally commented: “The insurance coverage trade continues to hunt publicity to different funding methods and Investcorp is well-positioned via its robust monitor report of investing throughout asset courses to carry progressive options to the market. I’m wanting ahead to becoming a member of the crew and main this new strategic initiative for the agency.”