warren caught a bit of the ugly stick on the way down the tree
https://www.blackrock.com/corporate/newsroom/press-releases/article/corporate-one/press-releases/overwhelming-majority-of-insurers-plan
Overwhelming Majority of Insurers Plan to Increase Allocations
Oct 14, 2024 … 91% of respondents intend to increase investments in private assets over the next two years · 60% of insurers targeting clean
14 October 2024, New York –Global insurers are focused on increased allocations to private markets, clean energy infrastructure and utilizing innovative technology in 2024, according to BlackRock’s 13th annual Global Insurance Report. For the third year running, BlackRock’s annual report shows a majority of insurers are planning increased investments in private markets, with 91% of all respondents saying they will do so within the next two years. This figure increases to 96% for APAC and 96% for North American insurers. The report tracks insights from 410 insurance investors surveyed across 32 markets, representing nearly $27 trillion USD in assets under management.
91% of respondents intend to increase investments in private assets over the next two years
60% of insurers targeting clean energy infrastructure investments for low-carbon transition objectives
Respondents see value in technology for key challenges of private asset modeling (53%) and regulatory capital integration (51%)
Mark Erickson, Global Head of BlackRock’s Financial Institutions Group, said, “We’ve seen rapidly accelerated demand for private markets among insurers in recent years, given these investments’ dual benefits of diversification and increased income generation.”
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