Deutsche Asset & Wealth Management (DeAWM) announced today that its insurance investment business has been named Best Asset Manager 2013 by Reactions, the financial magazine for the global insurance market. This is the sixth consecutive year that DeAWM has won this award, and follows DeAWM’s success in winning the Reactions award for Best UK Asset Manager earlier this year.
The Reactions Global Awards highlight excellence in client 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. The awards were announced on September 25, 2013 at a black tie ceremony in New York.
“The seeds of success were planted many years ago, and winning the Reactions award for six years straight is a testament to that. However, the opportunity before us, as part of the integrated DeAWM division and with increasing connectivity to the expertise of the entire Deutsche Bank Group, is greater than ever,” said Bart Holl, Global Head of Insurance.
DeAWM manages $187.46 billion (as of June 30, 2013) in third-party insurance assets, making it the largest global insurance asset manager, according to IAM Surveys (as of December 2012). The business manages fixed-income, equity and alternative assets for life, property & casualty, reinsurance, and healthcare companies around the world. According to DeAWM’s research, US insurers are outsourcing more to firms for riskier assets, while in Europe, research company Spence Johnson forecasts third-party investing to grow by nearly 9% by 2017 to €784 billion.
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