Investcorp unveils new business to tap into insurance solutions market

New offering to focus on investment management services for insurers

A front view of Investcorp headquarter. Image used for illustrative purpose.

A front view of Investcorp headquarter. Image used for illustrative purpose.

Bahrain’s Investcorp has launched its insurance solutions business to expand its offerings and cash in on the market. 

The asset management firm, which counts Abu Dhabi state investment fund Mubadala Development as a shareholder, said its “insurance solutions platform” will focus on providing investment management services to meet the needs of insurers. 

“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. 

As of June this year, the company has $37.6 billion in assets under management. It has recently acquired properties in Europe, including Italy and the United Kingdom. 

Commenting on Investcorp’s new business, Alardhi noted that insurers are now increasingly allocating to private investments. “Our deep experience and knowledge across a broad range of alternative asset classes and strategies makes us an ideal partner to insurers,” he noted. 

The company has appointed Todd Fonner as chief investment officer for the new business. Fonner had worked with companies like Blackstone Insurance Solutions and RenaissanceRe Holdings. 

(Writing by Cleofe Maceda; editing by Seban Scaria) 

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