Insurance Asset Risk Awards 2023 - North Americas

Fixed income manager of the Year - Conning

Conning's depth in credit research is a core capability and a building block in its broad array of fixed-income solutions for insurers. Conning has 23 credit research analysts (covering the corporate and municipal markets) with an average of 17 years of experience – a significant team for a firm with $116.5bn in assets under management (as of June 30, 2023, not including affiliates).

The firm's proprietary research and expertise helps identify opportunities not only in relative value between asset classes but among issuers as well.

Indeed, credit analysis is a key component of the firm's rigorous strategic asset allocation process, which helps clients better understand how their portfolios can help deliver performance that meets their business objectives within their risk tolerance. It is aided in this work by its comprehensive risk management software and solutions team that allows it to test potential portfolio performance amid a variety of scenarios, including some of the most challenging market declines of the past century.

All these tools are also valuable in its peer analysis offerings, in which it has helped insurers compare their portfolios to competitors and industry benchmarks. This insight can help insurers refine portfolios to enhance their financial strength, increase their chances of winning new business, and build long-term value.

Earlier this year, Conning finalised its acquisition of a majority stake in Pearlmark Real Estate, a specialty manager of real estate debt and equity.

All of the above has helped the company to win fixed income manager of the year.