Beach Point Capital Management LP, a global alternative investment firm, has launched a strategic insurance solutions initiative focused on expanding its engagement with insurance companies and delivering tailored investment solutions across its platform.
The initiative reflects Beach Point’s continued commitment to serving institutional investors through specialised expertise and dedicated client solutions.
The firm believes private markets are playing an increasingly important role in insurers’ investment portfolios and sees an opportunity to support their evolving investment needs through Beach Point’s broad credit platform.
Beach Point has appointed Louis DiFranco to lead the initiative as Global Head of Insurance Solutions.
Based in Beach Point’s New York office, DiFranco will report to Eric Storch, Global Head of Client Partnerships and Business Development.
In his new role, he will focus on developing partnerships with insurance companies across the firm’s investment capabilities, while addressing the unique needs of insurance clients.
DiFranco brings more than 30 years of experience working with institutional investors and insurance companies across asset management, banking, and financial services.
He joins Beach Point from PGIM, where he most recently served as Head of Insurance, Americas, leading the growth of the firm’s investment management business with third-party insurance companies and developing tailored investment solutions. Before that, he led insurance asset management businesses at AllianceBernstein and Western Asset Management.
Josh Baumgarten, President & Chief Investment Officer at Beach Point, said, “Beach Point has identified the insurance client segment as a strategic growth priority for the Firm, recognising the insurance industry’s growth in invested assets and need for higher-yielding investment opportunities across the credit spectrum.”
Storch commented, “Louis is a proven leader with deep knowledge of the insurance market and a nuanced understanding of the evolving needs of insurance investors.
“His industry expertise and client-centric approach will strengthen our ability to serve insurance companies and expand our presence across this important segment of the market.”
DiFranco added, “Beach Point has built a strong reputation as a one-stop provider of credit solutions, supported by a differentiated origination platform that benefits from the Firm’s scale, fundamental credit analysis, and emphasis on structure, which will resonate with insurance companies. The Firm’s breadth of capabilities across asset classes, differentiated middle-market approach, client-first culture, and commitment to partnership, position Beach Point exceptionally well to serve insurance investors. I look forward to helping those investors achieve their unique investment objectives with Beach Point.”
