Insurance Asset Risk Awards 2025 - North Americas

Structured debt manager of the year: Wellington Management

Wellington Management earned Structured debt manager of the year for its scale, innovation, and insurer-focused customization in securitized investing. With $134.8bn in securitized assets, $182 billion in insurance general account AUM globally, and a long tradition of 50 years partnering with insurance companies, Wellington combines depth of expertise with a client-first approach. (all stats USD and as of 30 June 2025)

The firm issues its own CLOs—achieving Tier 1 status by its third deal—and now counts five issuances, showcasing its market leadership.

Wellington also helps insurers navigate regulatory change, from analysis of the NAIC's new scenario-based capital model for CLOs and preparatory guidance on the NAIC's Principles Based Bond Definition to flagging the long-term tailwinds for AAA-rated securitizations resulting from reform to Solvency II regulations.

The firm has also bridged public securitized markets with the expertise of its private placements team to pursue private securitized deals and deliver customized solutions that align with insurers' investment goals.

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