230 Park Avenue
New York, NY 10169
Michael Alvarez, CFA
Managing Director, Head of Insurance Solutions
Michael.Alvarez@voya.com
770-690-6709
About Voya Investment Management
Voya Investment Management is a leading authority in insurance asset management, bringing the capabilities of a large institutional investment manager with proprietary insurance balance sheets to small and medium sized insurance companies and key strategic partnerships. As the manager of a large and complex proprietary life insurance balance sheet, we extend every resource committed to that undertaking to our third-party clients. Our deep insurance resources and expertise, investment process and infrastructure built especially for regulated balance sheets, and our high touch client engagement model are all key differentiators versus our competitors.
Voya Investment Management is the asset management business of Voya Financial (NYSE: VOYA), overseeing $306 billion in assets for institutions, financial intermediaries and individual investors as of 09/30/23. Voya Investment Management assets are calculated on a market value basis and include proprietary insurance general account assets of $32 billion.
Episode 201: CMLs in 2024: A repriced market with attractive opportunities?
Capital Market Assumptions 2024
The Road Not Taken by Insurance Investors
Where Frost took the road less traveled, we insurance PMs can take two (or more!) roads at once as we forge a path that delivers on our investment objectives.
Private Credit Insights: Every Problem Is an Opportunity in Disguise
Bank lending and deal flow on the decline, economic stress on the rise. It’s a surprisingly good time for private credit.
Energy & Infrastructure Quarterly: Pendulum of Perception
We retrace boom-and-bust periods and chronicle improvements in the credit quality of North American energy companies following the pandemic.
Interest-Only Securities Make a Strong Comeback
Interest-only securities offer attractive, high-single-digit unlevered yields to the market’s base-case prepayment expectation and stand to benefit from significant spread tightening as demand for the asset class increases amid limited supply.
Five Things to Watch in Securitized Credit
The forecast for securitized credit has turned notably brighter in recent months, even as the dark cloud of offices continues to cast a long shadow.
Using FHLBs for Insurance Portfolio Management to Drive Risk-Adjusted Returns
Adding durable, low-cost external leverage to lower-volatility assets via the FHLB system can be an attractive way to enhance risk-adjusted return potential versus owning higher-volatility assets with more embedded leverage directly on insurance company balance sheets.
Insurance themes: A rolling stone gathers no moss
Higher investible yields and elevated volatility have combined to create meaningful opportunities for insurance companies with the willingness and ability to capitalize.
NAIC 1 bonds with 6%+ yields … fear the risk or embrace the opportunity?
SASBs in the industrial, multi-family and life sciences spaces are compelling. Higher-yielding office and retail CMBS aren’t worth the reach … yet.