Resolution Life Australia targets growth via acquisitions , partnerships

Resolution Life Australia targets growth via acquisitions , partnerships | Asset Owners

Resolution Life, a global life insurance group, entered the Australian market in 2019 through its acquisition of AMP Life for approximately A$3 billion ($2.08 billion). The deal marked a shift in ownership and a new approach to life insurance investment management. John Lucey, CIO of Resolution Life Australasia, emphasized the firm s mission to deliver superior risk-adjusted returns in a capital-efficient, sustainable manner for policyholders. Resolution Life s investment strategy focuses on building a diversified, multi-asset portfolio, with a strong network of strategic external manager relationships. The firm maintains high single-digit manager relationships, all of which are meaningful and understand insurance and capital regimes. The company is also conscious of its environmental, social, and governance (ESG) impact, expecting external managers to be engaged with the companies they own in the portfolio. Reports are run over the top in relation to ESG metrics, ensuring proof and measurable outcomes. To grow its Australasian arm, Resolution Life has used leveraged acquisitions, such as the AIA Super and Investments portfolio, which brought around A$5 billion worth of extra assets under the firm’s management and investment function. This allowed the firm to leverage strategic partnerships to introduce new strategies and expand the investable universe of portfolios. Resolution Life s investment strategy is global, with offices in Singapore to focus on opportunities and growth in Asia. The impact of acquisitions on their investment strategy is significant, as assets from acquisitions are folded into the strategy if appropriate, enhancing outcomes on the portfolio. Within Resolution Life Australasia s portfolio, major asset classes include fixed income, cash, private and public credit, equities (both domestic and international), and real assets (listed and unlisted property and infrastructure). The firm maintains a relatively liquid portfolio, with illiquid assets representing a minority. The insurer s less liquid assets allow it to harvest complexity and illiquidity premium, but they are carefully modeled to ensure liquidity. In 2022, Resolution Life entered into a strategic

Source: asianinvestor.net
Published on 2024-10-01

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