London, 11 June 2024 – M&G Investments (M&G) has underscored its commitment to internationalising and growing its Insurance Solutions business by agreeing transformative partnerships with two market leading service companies - Clearwater Analytics (Clearwater) and Ortec Finance (Ortec).
Launched in 2020, M&G’s £17 billion1 third party Insurance Solutions business designs tailored, capital efficient investment strategies to meet the complex needs of global insurers. Under the leadership of Russell Lee, the team leverages 30 years’ experience in managing assets for M&G plc's internal insurer, Prudential Assurance Company and provides clients with access to M&G’s actively-managed Public Fixed Income and Private Markets investment capabilities.
Clearwater’s cloud-based technology and data analytics will optimise M&G’s operational infrastructure, providing clients with up-to-date access to portfolio information and customizable dashboards for in-depth portfolio analysis.
Ortec’s GLASS platform2 allows for sophisticated balance sheet modelling and optimisation to support robust strategic asset allocation decisions, enabling M&G to tailor investment strategies to the bespoke needs of insurers.
Russell Lee, M&G’s Head of Insurance Solutions, says: “As insurers face increasingly complex challenges in managing their investment portfolios, we recognise the importance of providing robust, innovative technical solutions that keep pace with evolving regulatory change. Clearwater and Ortec will be valuable partners in enabling us to provide our clients with the service they require.
“These enhanced capabilities will also allow us to expand our Insurance Solutions footprint in international markets experiencing strong growth in insurance and reinsurance, providing clients with greater access to M&G’s compelling public and private markets investment expertise.”
“As insurance regulatory requirements become increasingly complex, we are dedicated to enhancing our platform’s capabilities to provide asset managers and insurers with a best-in-class investment accounting and reporting solution,” said Keith Viverito, General Manager of EMEA and APAC at Clearwater Analytics. “M&G’s insurance clients will experience the benefits of a consolidated view of their portfolio investments. They will also have the flexibility to address unique reporting challenges across different regulatory regimes leveraging modern best-in-class technology and workflows. We are thrilled to have been selected by M&G and look forward to collaborating with them to transform the underlying technology supporting their insurance solutions group.”
"We are pleased to support M&G Investments in building innovative solutions to help meet the evolving needs of their clients," said Hamish Bailey, Head of Insurance & Investment Management and Managing Director UK, at Ortec Finance. "The power and flexibility of the GLASS system enables the customisation of Strategic Asset Allocation to suit the unique requirements of clients. By integrating insurance-specific metrics, it ensures that key factors related to risk management are fully considered in the modelling process.
For more information about M&G's Investment Solutions for insurance clients, please visit Insurance Solutions (mandg.com).