#USA #New York #42 Asset Management #White Bay Group #Annuity Solutions

42 Asset Management Joining Forces with White Bay Group

In a noteworthy advancement for the insurance asset management sector, 42 Asset Management, also known as 42 AM, has announced a significant partnership with White Bay Group. This collaboration marks a critical step in reshaping how insurance companies manage their assets, particularly by enhancing access to investment-grade fixed income assets aimed specifically at annuity-focused insurers.

Understanding the Partnership

Founded and headed by Uriel Cohen, White Bay Group is a family office recognized for its investment in disruptive financial technology and service platforms. By collaborating with 42 Asset Management, the firm is set to provide enhanced support to mid-cap insurers striving to scale their policy issuance while offering competitive crediting rates to policyholders.

A Unique Asset Management Approach

42 Asset Management specializes in delivering tailored fixed income solutions to life and annuity insurance carriers. With a comprehensive platform that integrates various investment strategies and partnerships with prominent institutional managers, the firm focuses on meeting the evolving demands of the insurance asset management landscape. Their service offerings include private credit, asset-based finance, mortgage loans, liquid credit, and structured product solutions aimed at optimizing capital efficiency and sustaining long-term investment performance.

Supporting Insurers with Innovative Solutions

This partnership could not have come at a better time. As insurers increasingly seek specialized asset managers who can expertly merge fixed income depth and structuring know-how with an insurance-first mindset, 42 AM and White Bay aim to deliver innovative solutions that align with long-term liabilities, enhancing portfolio construction for their clients.

"We are thrilled to partner with 42 Asset Management, whose distinct understanding of insurance balance sheets and customized approach to asset management sets them apart in this competitive market," stated Elli Ausubel, Operating Partner at White Bay Group. This sentiment is echoed by Colbey Arden, Managing Partner at 42 Asset Management, who emphasized that White Bay’s extensive experience in recognizing and supporting high-potential platforms directly aligns with their mission.

A Broader Trend in the Industry

The collaboration underscores a significant trend within the insurance industry: a shift towards seeking external expertise to manage assets effectively while ensuring compliance with regulatory standards. As insurance companies grapple with the complex landscape of investment management, the demand for firms that can provide specialized services with an emphasis on fixed income strategies is more critical than ever.

Together, 42 Asset Management and White Bay Group are poised to expand a robust, scalable investment platform dedicated to delivering compelling risk-adjusted outcomes, reinforcing their commitment to enhancing the management of insurance assets under management. This partnership serves as a reminder that collaboration and expertise are key ingredients for success in today’s multifaceted financial environment.

About the Firms

42 Asset Management is headquartered in New York, NY, and focuses on providing diverse fixed income solutions to the insurance sector through a relative-value approach that embraces an asset-class agnostic philosophy. By leveraging internal strategies alongside established partnerships, they deliver specialized financing and investment solutions tailored for today’s insurance landscape.
White Bay Group operates across a multi-strategy investment framework, targeting opportunities in broker-dealers, hedge funds, insurance entities, and asset management enterprises. The firm's dedication to partnering with individuals and organizations that exhibit exceptional leadership talents and a proven record of success positions them as an invaluable ally in the investment landscape.

For more insights and updates, visit 42 Asset Management and White Bay Group.