Starwood Capital Appoints Rob Allard as Chief Investment Officer of Starwood Insurance Strategies
Rhea-AI Summary
Starwood Capital Group has appointed Rob Allard as Chief Investment Officer for Starwood Insurance Strategies, a new extension of its credit platform. Allard brings 27 years of financial industry experience, previously serving as CIO at Rothesay Asset Management North America. The appointment aims to open Starwood's $30 billion real asset credit platform to the insurance industry.
Starwood Capital, managing approximately $115 billion in total assets, has originated over $100 billion in credit investments since 2010 through various verticals including Starwood Property Trust (NYSE: STWD), Starwood Infrastructure Finance, and LNR Partners. The firm owns more than 15,000 properties globally and plans to leverage its expertise to provide insurance clients with access to its real assets and credit platform.
Positive
- Strategic expansion into insurance asset management with experienced leadership hire
- Access to substantial $30 billion real asset credit platform for insurance industry
- Strong existing infrastructure with $115 billion AUM and ownership of 15,000+ properties
- No captive client base, allowing for flexible partnerships with insurance clients
Negative
- None.
News Market Reaction – STWD
On the day this news was published, STWD gained 0.58%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Starwood to open up its
Starwood Capital is a global leader in real estate and infrastructure investing and lending with approximately
"Starwood Capital is well positioned to build upon our extensive relationships with the insurance industry by providing them with access to our expertise across real assets and our leading credit platform," said Barry Sternlicht, Chairman and CEO of Starwood Capital. "We manage an unrivaled real asset credit origination and servicing platform that is a plug-and-play solution for the duration, return and risk profile of these investors. As the owner of more than 15,000 properties globally, we have unique insights and market access that drive our investment activity. Leveraging our expertise to meet the evolving needs of our clients is at the core of what we do, and I am confident Rob and his team will enable us to do just that."
"We have a large-scale platform that delivers exactly the products our insurance clients are looking for, and unlike many of our peers, we do not have a captive client for this risk-return profile, making us an attractive partner," added Jonathan Pollack, President of Starwood Capital. "Rob's expertise and relationships will have an immediate impact on our ability to deliver."
"I am thrilled to be joining Starwood Capital, one of the preeminent investors in real estate and infrastructure over the past 30 years," said Mr. Allard. "I look forward to replicating the success in my previous roles to build a high-quality insurance asset management platform to complement Starwood's existing capital base."
Mr. Allard's extensive background includes helping set up and build Rothesay Asset Management North America, where he served as Chief Investment Officer and Head of Rothesay North America over the last seven years. Rothesay, originally founded within Goldman Sachs, was sold to Blackstone, GIC, and Mass Mutual in 2017.
About Starwood Capital Group
Starwood Capital Group is a private investment firm with a core focus on real assets globally. Since its inception in 1991, Starwood Capital Group has raised over
Starwood Capital also manages Starwood Property Trust (NYSE: STWD), the largest commercial mortgage real estate investment trust in the
Starwood's large owned portfolio and its active affiliates provide significant real-time information that can be acted on, across asset classes and geographies. These affiliates include: Starwood's in-house property management company with over 2,000 people, Starwood Digital Ventures – Starwood's in-house data center platform with over 60 people fully dedicated to Starwood's data center investment strategy, Starwood Hotels – Starwood's affiliated hotel brand management team with almost 4,000 professionals, Essex Title – which acts as a title agent for one or more underwriters in issuing title policies and/or providing support services, and Starwood Oil & Gas – which leverages Starwood's industry knowledge and extensive transactional experience to capitalize on conventional and unconventional assets in North America. Over the past 33 years, Starwood Capital Group and its affiliates have successfully executed an investment strategy that involves building enterprises in both the private and public markets. Additional information can be found at www.starwoodcapital.com, www.starwoodnav.reit, www.starwoodpropertytrust.com and www.starwoodhotels.com.
Media Contacts:
H/Advisors Abernathy
Tom Johnson: tom.johnson@h-advisors.global, (212) 371-5999
Dan Scorpio, dan.scorpio@h-advisors.global, (646) 899-8118
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SOURCE Starwood Capital Group
FAQ
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