Investcorp has launched an insurance solutions platform. The Investcorp Insurance Solutions platform will focus on providing investment management services for insurers. Also, the firm has hired Todd Fonner, former CIO North America at Blackstone Insurance Solutions, to serve as chief investment officer of the new business.
New York, October 18, 2021 – Investcorp, a leading global provider and manager of alternative investment products, today announced that it has launched the Investcorp Insurance Solutions platform, the firm’s newly formed business that will focus on providing investment management services to meet the unique investment needs of insurers.
Investcorp has hired Todd Fonner as Chief Investment Officer, who has over 28 years of experience in the insurance and asset management industries, having held a variety of roles across functions including investments, treasury, enterprise risk, underwriting and strategy. Most recently, he served as Senior Managing Director, CIO North America, Blackstone Insurance Solutions until 2020. There, he contributed significantly to the build out and enhancement of the Blackstone Insurance Solutions platform formed in late 2017. He also has held CIO, Treasurer and Chief Risk Officer roles at RenaissanceRe Holdings, where he spent nearly 15 years of his career.
“The formation of Investcorp Insurance Solutions is a milestone for us and aligns with our strategy of continuing to expand our suite of offerings to meet the evolving needs of our clients,” said Mohammed Alardhi, Executive Chairman of Investcorp. “Our deep experience and knowledge across a broad range of alternative asset classes and strategies makes us an ideal partner to insurers who are increasingly allocating to private investments as an important source of alpha in today’s environment.”
“I am excited to welcome Todd to Investcorp and believe the deep experience he brings within the insurance and asset management industries will be critical to our success in building out this new business,” said Rishi Kapoor, Co-Chief Executive Officer of Investcorp. “This is yet another testament to Investcorp’s commitment to uncovering opportunities with secular tailwinds and putting the right teams behind them to build and grow the platform as we continue to find ways to better serve our clients.”
“The insurance industry continues to seek exposure to alternative investment strategies and Investcorp is well-positioned through its strong track record of investing across asset classes to bring innovative solutions to the market,” said Todd Fonner, CIO of Investcorp Insurance Solutions. “I am looking forward to joining the team and leading this new strategic initiative for the firm.”
Investcorp is a global investment manager, specializing in alternative investments across private equity, real estate, credit, absolute return strategies, GP stakes and infrastructure. Since our inception in 1982, we have focused on generating attractive returns for our clients while creating long-term value in our investee companies and for our shareholders as a prudent and responsible investor.
We invest a meaningful portion of our own capital in products we offer to our clients, ensuring that our interests are aligned with our stakeholders, including the communities that we operate within, towards driving sustainable value creation. We take pride in partnering with our clients to deliver tailored solutions for their needs, utilizing a disciplined investment process, employing world-class talent and combining the resources of a global institution with an innovative, entrepreneurial approach.
Investcorp has today presence in 12 countries across the US, Europe, GCC and Asia, including India, China and Singapore. As of June 30, 2021, Investcorp Group had US $37.6 billion in total AUM, including assets managed by third party managers, and employed approximately 430 people from 45 nationalities globally across its offices. For further information, visit www.investcorp.com and follow us @Investcorp on LinkedIn, Twitter and Instagram.