insurance companies

5 statements across 5 episodes · 1 bullish · 3 bearish · 5 people on the record · first statement May 22, 2017 by Charlie Ellis · across every show →

Everything said about insurance companies, oldest first

May 22, 2017 negative
Opinion
Ellis: 1960s Insurance Equities Teams Lacked Top Talent and Fierce Competition
“In the insurance business, the smartest guys went into sales. The second smartest guys went into lending, because most of the insurance portfolios were debt, and the dumb guys went into the equity side, because they needed something to do, and so that was not …”
Charlie Ellis May 22, 2017 ▶ 15:32 Charley Ellis – Multiple Ways to Win (Capital Allocators, EP.08)
Feb 8, 2021 negative
Insight
Baran: Post-bubble Japanese stock market was ineffective at discovering fundamental value
“The stock market was not the arbiter of price. Trust banks trading or insurance companies trading around had nothing to do with what's this company worth.”
David Baran Feb 8, 2021 ▶ 9:54 David Baran and Kazuhiko Shibata – Friendly Activism in Japan at Symphony (Capital Allocators, EP.176)
Aug 7, 2023 negative
Assertion Supported
Ballou: PE insurance failures leave state guaranty funds holding the bag
“The challenge that we've got is if these insurance companies fail, the responsibility for paying the continuing obligations will essentially default to the state guarantee corporations in which the insurance companies are incorporated. So if you have an Iowa i…”
Brendan Ballou Aug 7, 2023 ▶ 50:27 Sachin Khajuria and Brendan Ballou – Private Equity: Profit or Plunder? (EP.331)
Mar 14, 2024 positive
Insight
Freno: Insurance capital provides a stable long-term growth base for asset managers
“Insurance companies have an existential need for asset management capabilities. So there is a symbiotic relationship between the two because they take their premiums in and they need to invest those prudently to be able to not only meet the claims, but hopeful…”
Mike Freno Mar 14, 2024 ▶ 25:09 Mike Freno – Confident Humility at Barings (EP.374)
Feb 10, 2025
Assertion Supported
Charles: Top-tier mega-firms raised $250B via captive insurance and wealth channels
“In the last 12 months, The level 10 firms in our framework have raised two hundred and fifty billion dollars from insurance companies they control or through the wealth channel with sales forces that are theirs.”
Ian Charles Feb 10, 2025 ▶ 23:11 Ian Charles - Private Equity's New Rules (EP.431)
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