Allspring Global Investments, a global asset management company, has announced the appointment of Andrew Epsom as head of Insurance – International, a London-based role.
In this newly created position, Epsom will lead Allspring’s international (ex-US) insurance strategy, aiming to expand the company’s presence in global insurance markets.
The executive will also be responsible for driving strategic engagements tailored to the specific regulatory and investment needs of insurers.
Bringing over 25 years of experience in the asset management and consulting industries, Epsom’s deep knowledge of the insurance sector will be an asset to the company, Allspring stated.
He will be responsible for cultivating new relationships and collaborating with international teams to enhance Allspring’s existing footprint in this area.
Epson will report to Catherine McLaughlin, head of Institutional – UK, Ireland and the Netherlands, who said: “I’m delighted to welcome Andrew to Allspring to lead our international insurance business.
“We have a strong investment offering across both fixed income and equity markets that is well suited to the needs of insurance-based clients. By adding Andrew’s proven expertise to the team, I am sure he will continue to develop our insurance business, bringing the best of Allspring to our clients and partnering with them to solve their unique objectives”.
The insurance sector is poised for continued growth, driven by the increasing shift of defined benefit plans toward buy-out arrangements, a trend that presents substantial prospects for both insurers and asset managers.
Allspring’s commitment to cultivating stronger relationships and providing tailored solutions in this fast-growing market is underscored by Andrew’s recent appointment, the firm noted.
Epsom commented: “Allspring has a sizeable existing insurance client base built up through its well – respected implementation capabilities married with its solutions focus.
“The latter is particularly important for the insurance sector given the different regulatory environments and insurers ’ bespoke asset -liability and capital management needs. I’m excited to be joining to leverage these capabilities and to further grow Allspring ’s global insurance business .”
