Kuvare Insurance Services Launches Third-Party Asset Management Business | News

NEW YORK–(BUSINESS WIRE)–February 7, 2022–

Kuvare Insurance Services (KIS), a boutique asset manager that oversees approximately $19 billion in assets for various insurance companies owned or affiliated with Kuvare US Holdings (Kuvare), today announced the launch of its business asset management by third parties.

Over the past two years, under the leadership of Brian Roelke, President and Chief Investment Officer, KIS has built a seasoned team of insurance industry professionals and asset class specialists to drive portfolio performance Kuvare operating companies. “Insurance investors continue to be motivated to seek yield in a context that remains difficult. KIS built in-house bespoke private credit solutions to augment Kuvare’s core fixed income assets, generating approximately $5 billion [1] primarily in investment-grade private credit at attractive book yields relative to publicly traded comparables,” Roelke noted. KIS now plans to expand its experience into asset-backed and structured private credit, private enterprise and commercial mortgage debt to unaffiliated insurance clients.

Along with the launch, Roelke recently added three key members to its leadership team. Ana Morales joins KIS as Managing Director, responsible for business development and product strategy. She will be responsible for leading client relationships and advancing the growth of the KIS third-party asset management platform. Morales, who has 17 years of industry experience, joins Goldman Sachs where she was Managing Director, Senior Relationship Manager in the firm’s insurance asset management business. Previously, Morales created and led BlackRock’s exchange-traded fund insurance distribution team.

Joseph Orofino joins as managing director, responsible for investment risk management. He has over 20 years of industry experience, most recently with Further Global Capital Management where he was part of the management team of two operating companies. Previously, Orofino led Aflac’s investment initiatives in non-core fixed income, alternatives and public equities. He has also held senior positions in investment and risk management at Swiss Re.

Thomas Pasuit joins as Legal Director. Prior to joining KIS, Pasuit spent over 16 years at MetLife, most recently as head of the Fixed Income and Alternatives legal team at MetLife Investment Management. He began his legal career at Connell Foley, LLP, where he specialized in bankruptcy and financial restructuring.

Commenting on these events, Dhiren Jhaveri, Founder and CEO of Kuvare, said, “The launch of the third-party asset management platform and these new appointments reflect our commitment to attracting an extraordinary team to support client service and portfolio performance. exceptional. Our talent bank positions us to meet the unique investment objectives of insurers and take advantage of market opportunities to drive portfolio alpha.

About Kuvare Insurance Services (KIS)

Based in New York, KIS is an asset management firm specializing in creating tailored solutions for insurance companies to deliver superior risk-adjusted returns. Led by a seasoned team of insurance industry investment professionals and asset class specialists, KIS oversees all investment activities of Kuvare’s operating companies. This represents approximately $19 billion in total assets as of December 31, 2021, including core fixed income assets, where KIS partners with leading global asset managers. For more information about KIS, please visit https://kuvare.com/insurance-services.

About Kuvare

Kuvare is a technology-based financial services platform that provides insurance, reinsurance and asset management solutions. Based in Chicago, IL, Kuvare is focused on providing value-driven solutions to the middle market. Founded in 2015, Kuvare is committed to a sustainable growth strategy, supported by a consortium of long-term financial partners. The Kuvare family of companies includes Lincoln Benefit Life Company, Guaranty Income Life Insurance Company, United Life Insurance Company, Kuvare Life Re and KIS. For more information about Kuvare, please visit https://kuvare.com.

[1] Company estimates based on private credit originations from 02/10/2020 to 01/31/2022 measured by nominal value committed at closing. Past performance does not represent future results.


This press release may contain or refer to forward-looking statements. Forward-looking statements give expectations or forecasts of the future using words such as “anticipate”, “estimate”, “expect”, “project”, “intend”, “plan”, “believe”, “will” and other terms related to future periods. Forward-looking statements are based on assumptions and expectations, and actual results could differ materially from those expressed or implied by them. The company has no obligation to correct or update any forward-looking statements. Assets under management (AUM) are based on company estimates and are subject to change.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220207005215/en/

CONTACT: Erica Davis

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SOURCE: Kuvare Insurance Services

Copyright BusinessWire 2022.

PUB: 02/07/2022 07:00 / DISC: 02/07/2022 07:02


Copyright BusinessWire 2022.

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