Deutsche Bank’s Asset Management division today announced that its insurance business, Deutsche Insurance Asset Management, has been awarded Best Asset Manager by Reactions, the financial magazine for the global insurance market. The award is determined by the votes of C-suite executives of the major global firms in the insurance and reinsurance industry. This is the third consecutive year that Deutsche Insurance Asset Management has won this award.
The Reactions’ Global Awards highlight top-class service, performance and innovation within the global insurance industry. Reactions rewards the achievements of companies and individuals, and contributes to raising standards across the industry. They help firms differentiate themselves from competitors and show clients that they are, “a cut above the rest”. The awards were announced on Sept. 30, 2010 at a black tie ceremony in New York.
“We’re honored to have been named best asset manager by Reactions for a third time,” said Randy Brown, Global Head of Deutsche Insurance Asset Management. “One needs scale and a broad range of resources across geographies to manage assets for insurers. Beyond that, we strive to deliver the right solutions and best service for our clients. It’s very gratifying to see that our clients have recognized us in this way.”
Brown added, “We continue to see outsourcings grow in 2010 as insurers struggle with earnings pressures, the low interest rate environment and heightened regulatory regimes. We remain focused on advising our clients as insurance specialists who understand their complex regulatory and accounting environment and how that impacts their investment portfolios.”
Deutsche Insurance Asset Management has been named among the world’s largest third-party manager of insurance portfolios. As at June 30, 20010, the business managed approximately $195.5 billion (€159.6 billion) of assets for clients worldwide (source: Deutsche Bank). Deutsche Insurance Asset Management’s dedicated insurance investment professionals are located in North America, Europe and Asia-Pacific and invest across a full range of traditional and alternative strategies.
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Deutsche Bank AG
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About Deutsche Asset Management
With approximately $693 billion in assets under management globally as of 30 June 2010, Deutsche Bank’s Asset Management division is one of the world's leading investment management organizations, not just in size, but in quality and breadth of investment products, performance and client service. The Asset Management division provides a broad range of investment management products across the risk/return spectrum.
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 81,929 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
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