Hamilton Lane Forms Specialized Insurance Solutions Team
Rhea-AI Summary
Hamilton Lane (Nasdaq: HLNE) has announced the creation of a dedicated Insurance Solutions team, formalizing its efforts to serve insurers and enhance its focus on investments and client support. The team will be led by John Brecker, Head of Insurance Solutions, and includes two new senior appointments: Eric Solfisburg as Insurance Strategist and Kyle Ross in the Insurance Client Solutions team.
This move builds on Hamilton Lane's nearly 30-year track record of working with insurers, managing or overseeing nearly $92 billion on behalf of insurers globally. The team aims to develop and implement investment solutions tailored to insurers seeking attractive returns in a capital-efficient manner, leveraging the firm's depth, scale, and proprietary private markets data analytics platform, Cobalt.
Positive
- Creation of a dedicated Insurance Solutions team to better serve insurers
- Appointment of experienced professionals Eric Solfisburg and Kyle Ross to strengthen the team
- Hamilton Lane manages or oversees nearly $92 billion on behalf of insurers globally
- Leveraging proprietary private markets data analytics platform, Cobalt, for customized solutions
Negative
- None.
News Market Reaction
On the day this news was published, HLNE declined 1.03%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Appointments underscore the firm's commitment to meet the growing interest of insurers in bolstering portfolios through broadened exposure to private markets
Eric Solfisburg has joined Hamilton Lane as an Insurance Strategist within the firm's Direct Credit team, and Kyle Ross has joined the Insurance Client Solutions team. John Brecker, Head of Insurance Solutions, will lead the new Insurance Solutions team dedicated to building on Hamilton Lane's nearly 30-year track record of working with insurers, and the nearly
Solfisburg will work to develop and implement investment solutions designed for insurers seeking attractive returns in a capital-efficient manner. He brings a wealth of industry experience to the role, having joined from MassMutual as Head of Investment Product Consulting, where he was responsible for the investment aspects of the Institutional Insurance business. Notably, Solfisburg was a member of the inaugural class of The American Council of Life Insurers' (ACLI) Rising Leader Program. He received a B.S. from Babson College and holds the CFA, CAIA, Chartered Life Underwriter (CLU) and Chartered Financial Consultant (ChFC) designations.
Ross is responsible for maintaining and developing client relationships with insurers across
Brecker commented: "Creating this dedicated team underscores our commitment to developing and delivering leading private markets solutions tailored to insurers' unique risk and return profiles. As a growing number of insurers seek access to the risk and return profiles available within the private markets, we are thrilled to welcome Eric and Kyle and their extensive expertise to the firm.
"As we look ahead, it is important for us to also recognize that Hamilton Lane's Insurance Solutions business wouldn't be where it is today without our dear friend and colleague, Ryan Jaggers. We think of him often, remember him fondly and hope to honor his memory as we continue building the business for which he laid the foundation."
The firm's Insurance Solutions platform leverages Hamilton Lane's depth and scale and proprietary private markets data analytics platform, Cobalt, to structure customized solutions that address the specific needs of insurers.
*as of March 31, 2024
About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 700 professionals operating in offices throughout
Forward-Looking Statements
Some of the statements in this release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Words such as "will," "expect," "believe," "estimate," "continue," "anticipate," "intend," "plan" and similar expressions are intended to identify these forward-looking statements. Forward-looking statements discuss management's current expectations and projections relating to our financial position, results of operations, plans, objectives, future performance and business. All forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause actual results to be materially different. You should evaluate all forward-looking statements in the context of the risks and uncertainties disclosed under the heading "Risk Factors" in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 31, 2024 and in our subsequent reports filed from time to time with the Securities and Exchange Commission. The forward-looking statements included in this release are made only as of the date hereof. We undertake no obligation to update or revise any forward-looking statement as a result of new information or future events, except as otherwise required by law.
View original content:https://www.prnewswire.com/news-releases/hamilton-lane-forms-specialized-insurance-solutions-team-302208320.html
SOURCE Hamilton Lane
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