Highlights from Jayen Madia at 2018 GFMI Conference

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Jayen Madia, Managing Director, Head of Risk Assets at AXIS Capital, a Bermuda-based insurance and reinsurance company, recently spoke at the 2nd edition GFMI Insurance & Pension Asset Allocation Conference which took place February 26-27, 2018 in New York City.

Jayen Madia

Jayen Madia

The Conference continues to be a valuable opportunity to network with peers and share best practices with many of the leading participants in the insurance and pension asset allocation space.

Jayen Madia, Managing Director, Head of Risk Assets at AXIS Capital, a Bermuda-based insurance and reinsurance company, recently spoke at the 2nd edition GFMI Insurance & Pension Asset Allocation Conference which took place February 26-27, 2018 in New York City.

The 2nd edition GFMI conference was organized to help insurers develop competitive asset management strategies to enhance the profitability of their investment portfolios and better manage risk. Conference participants were able to attend sessions focused on development of profitable insurance asset investment strategies in the current low rate environment; approaches to maximize returns on fixed income assets; ways to increase yield through smart alternative investment choices; how to optimize the investment portfolio to generate greater alpha without increasing risk through effective ALM; and improving the efficiency of investment operations through better navigation of the regulatory environment.

Jayen Madia delivered a conference presentation entitled, "Developing Fundamental Strategies in Private Debt and Equity" and made a compelling case for diversification of investment in private debt and private equity. Regarding investment in private debt, Madia cited access to middle market companies; access to out of favor sectors/geographies; access to transitional sponsor deals; choice of position within the capital structure; shorter maturity; control; proposition of better underwriting; and potentially better alignment of interest - all factors contributing to more spread per unit risk.

With respect to private equity, Madia highlighted control; operational alpha; levering up of desirable idiosyncratic risk; access to private companies; venture capital; narrow set of players; the proposition of better underwriting - all leading to potentially higher returns with reduced correlation.

At the GFMI Conference, the current and future challenges that insurers are facing relating to asset optimization was addressed in a comprehensive analysis of the investment landscape. Delegates gained invaluable insight into how they can achieve a greater yield from their fixed income assets as well as how they can better manage the risks associated with alternative investments. Attendees learned practicable asset-liability management (ALM) techniques to help optimize their assets within the investment portfolio, as well as best practices for complying with the complex regulatory environment, potential applications of new technologies on insurance asset optimization and the value of outsourcing asset management.

"It was a privilege to attend the 2nd edition GFMI Conference and share some thoughts about private debt and equity strategies," said Madia, "the Conference continues to be a valuable opportunity to network with peers and share best practices with many of the leading participants in the insurance and pension asset allocation space."

About Jayen Madia

Jayen Madia helps manage the $15 billion investment portfolio of AXIS Capital, a Bermuda-based insurance and reinsurance company at its offices in the News Corp. building in midtown Manhattan. As Head of Risk Assets, Jayen Madia oversees a diverse set of assets, including private credit, private equity, and real estate, globally.

Previously he served as Managing Director and Deputy Chief Investment Officer of PartnerRe, a Bermuda-based reinsurer. The two companies had agreed to merge in 2015, but that was thwarted by the hostile takeover of PartnerRe by Turin, Italy-based Exor, the Agnelli/Elkann family investment company that owns Fiat Chrysler and Ferrari. Mr. Madia also holds an MBA from Columbia Business School and a B.A. from Harvard College.

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Jayen Madia
Jayen Madia
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