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This report is produced following the annual Insurance Investor Live Europe 2023 event and brings together the insights from chief investment officers and portfolio managers representing insurers from across Europe to discuss the methodology and strategy that their firms are taking to navigate these uncertain markets.


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PRESENTATION: Examining the function of monetary and fiscal policy and the role of regulatory oversight – can a relaxation in rules and inflation targets prompt real economic growth?

SPEAKER: Sir Howard Davies, Chairperson, NatWest Group


PANEL DISCUSSION: PANEL DISCUSSION: Challenges and opportunities for insurers in 2024 and beyond: rising to the inflation and interest rate challenges and adapting asset allocation strategies for uncertain outcomes

MODERATOR: Andrew Putwain, Community Editor, Clear Path Analysis

SPEAKERS:

  • Ashish Dafria, Chief Investment Officer, Aviva UK Life
  • Adam Ruddle, Chief Investment Officer, LV
  • Wei Li, Global Chief Investment Strategist, BlackRock


INTERVIEW: Opportunities in European Direct Lending

INTERVIEWER:

  • Andrew Putwain, Community Editor, Clear Path Analysis

INTERVIEWEE:

  • Grant Davidson, Head of UK Private Debt, Muzinich & Co.
  • Andrew Douglas, Insurance Relationships, Muzinich & Co.


PRESENTATION: Fostering investment innovation with Patient Capital: Balancing the need for long-term industry investment with the need for long-term stable returns

SPEAKER:

  • James Mitchell, Head of Strategic Partnerships and Research, Phoenix Group


PRESENTATION: How much liquidity is enough liquidity? The LDI Crisis 1 year on.

SPEAKER:

  • Andrew Bailey, Director of Financial Risk, Just Group Plc


PANEL DISCUSSION: Portfolio construction and exploring asset price opportunities – diversification in the asset mix, new access and exit to private markets, and future of ALM

MODERATOR:

  • Maya Sibul, Reporter & Producer, Clear Path Analysis

SPEAKERS:

  • Corrado Pistarino: Chief Investment Officer, Foresters Friendly Society
  • Mike Chappell, Head of Illiquid Asset Portfolio, Phoenix Group
  • Mark Wood, Head of Credit Risk, Aviva UK & Ireland Life
  • Grigory Spivak, Asset Strategy & ALM, Global Funded Solutions, Pacific Life Re -no edits
  • Tracy V. Maitland, President and Chief Investment Officer, Advent Capital Management


PANEL DISCUSSION: Managing capital and liquidity risk amid market uncertainty: function of cash and money markets and looking to alternative options

MODERATOR:

  • Andrew Putwain, Community Editor, Clear Path Analysis

SPEAKERS:

  • Steve Matthews, Fund Manager, Liquidity, Canada Life
  • David Epstein, Group ALM & Treasury Director, Aviva
  • Angel Kansagra, Head of ALM, Lloyd’s


PRESENTATION: Gamechangers: The key macro trends you need to understand

SPEAKER:

  • James Pomeroy, Global Economist, HSBC


PANEL DISCUSSION: From risk to opportunity: Aligning investment strategies with Net-Zero Goals against a backdrop of evolving regulation and standards

MODERATOR: Maya Sibul, Reporter & Producer, Clear Path Analysis

SPEAKERS:

  • Wendy Walford, Head of Climate Risk, Legal & General
  • Brian Digney, Research & Content Director, Standards Boards for Alternative Investments -
  • Anand Rajagopal, Private Markets Sustainability Lead, Phoenix Group


WHITEPAPER: Opportunities in public vs. private markets

by Muzinich & Co.

Sir Howard Davies

Chairperson, NatWest Group

Ashish Dafria

Chief Investment Officer, Aviva UK Life

Adam Ruddle

Chief Investment Officer, LV

Wei Li

Global Chief Investment Strategist, BlackRock

Grant Davidson

Head of UK Private Debt, Muzinich & Co.

Andrew Douglas

Insurance Relationships, Muzinich & Co.

James Mitchell

Head of Strategic Partnerships and Research, Phoenix Group

Andrew Bailey

Director of Financial Risk, Just Group Plc

Corrado Pistarino

Chief Investment Officer, Foresters Friendly Society

Mike Chappell

Head of Illiquid Asset Portfolio, Phoenix Group

Mark Wood

Head of Credit Risk, Aviva UK & Ireland Life

Tracy V. Maitland

President and Chief Investment Officer, Advent Capital Management

Steve Matthews

Fund Manager, Liquidity, Canada Life

David Epstein

Group ALM & Treasury Director, Aviva

Angel Kansagra

Head of ALM, Lloyd’s

James Pomeroy

Global Economist, HSBC

Wendy Walford

Head of Climate Risk, Legal & General

Brian Digney

Research & Content Director, Standards Boards for Alternative Investments

Anand Rajagopal

Private Markets Sustainability Lead, Phoenix Group

Eric Muller

Head of Product and Investment Strategy, Muzinich & Co.

Chris Price

Director, Insurance Solutions, Muzinich & Co.

Muzinich & Co is a privately owned, institutionally focused investment firm providing partnership solutions in public and private credit markets, globally. The firm was founded in New York in 1988 and has offices in London, Frankfurt, Madrid, Manchester, Milan, Paris, Singapore, Zurich and Dublin. Muzinich offers a broad range of corporate credit strategies in developed and emerging markets, managing more than $36bn of assets on behalf of investors worldwide. The firm has 250 employees in 15 offices globally, of which 111 are investment professionals (data as at 31st July 2023).