Alternative Investment Allocation in the Insurance Industry

Moderator

Ramsey Smith** *

Founder

Ramsey D. Smith is an entrepreneur and founder of the digital insurance agency ALEX.fyi, a platform for retirement income solutions. He is focused on modernizing the distribution paradigm in the $230B annuities industry.

Prior to starting ALEX.fyi, Ramsey spent 21 years at Goldman Sachs, where he served as a Managing Director. There, he pioneered and led multiple Equity Derivative businesses. In the Life Insurance space, he developed a franchise that provided corporate-level risk management and investment strategies for the nation’s top carriers. Previously, he co-led the Equity Division’s Canadian Institutional Team, where he was responsible for providing risk management and investment tools to major governmental Pension plans and other institutional
clients in Canada. Ramsey also served as co-head of the GS Firmwide Black Network.

He started his career at Credit Suisse as an analyst in the Mergers and Acquisitions Group where he covered the Natural Resources industry.

Ramsey is a Trustee of the Dalton School and serves on the Board of SEO, a nonprofit organization dedicated to closing the opportunity gap in underserved communities.

He is a graduate of Princeton University and earned his MBA from Harvard Business School. Ramsey and his wife, Sabrina, live in Atlanta and have two children

Panelists

Jessica Marlin

Partner

Jessica Marlin advises private fund sponsors on all aspects of their businesses, including fund formation, management company matters, and regulatory and compliance issues, focusing on bespoke products and diverse business lines.  Jessica has a particular focus on representing sponsors of credit funds and hedge funds.

Jessica also represents large institutional investors and secondaries buyers with capital deployment in alternatives, negotiating anchor investments in primary private fund investments, secondary transactions and GP-led continuation vehicles. Jessica’s regulatory practice focuses on advising private fund sponsors on complex conflicts and regulatory issues, especially involving multiple business lines.

With a background that includes in-house hedge fund experience, she brings a practical understanding of client issues and in-depth knowledge of complex fund structures and the overall regulatory landscape to her legal work for asset management clients.

Craig Sabal

Deputy Chief Investment Officer

Craig Sabal is Senior Vice President and Deputy Chief Investment Officer of New York Life.  He is responsible for the day-to-day management of the Office of the Chief Investment Officer, which oversees portfolio strategy and management for the General Account investment portfolio.

Prior to joining  New York Life, Mr. Sabal  was the Deputy  Chief Investment  Officer at AIG responsible for strategic asset allocation and tactical investment decisions for the global Life & Retirement and Property & Casualty operating businesses.

Mr. Sabal has more than 25 years of financial consulting  leadership  experience in strategic portfolio and risk management transactions across fixed income and equity markets to insuranc e companies. He served as Managing Director – Head of Insurance and Credit Solutions Group for Goldman Sachs, and previously  held senior financial and consulting positions  for several investment bank and accounting firms.

Mr. Sabal earned his B.S. degree in accounting from Rutgers University. He holds the Chartered

Financial Analyst designation and is a licensed Certified Public Accountant.

Mike Siegel

Global Head of Insurance Asset Management & Liquidity Solutions

Mike is global head of the Insurance Asset Management and the Liquidity Solutions businesses within Goldman Sachs Asset Management (GSAM).The Insurance Asset Management business is responsible for providing solutions to insurance companies seeking to outsource the management of their balance sheet assets,including traditional and alternative asset classes. The Liquidity Solutions business is responsible for the management of GSAM money market funds and short duration fixed income products. He also serves as a senior managing director champion for the Disability Interest Forum. Mike has extensive insurance and investment experience in structuring and managing portfolios across a broad range of fixed income and equity asset classes and has been responsible for businesses within Consumer and Investment Management(CIMD) and the Securities Division.Previously, he was responsible for the Americas Markets Solutions Group within CIMD and also led the Insurance Industry Resource Group, which works closely with insurers on asset-liability management, asset allocation, capital allocation and risk management issues. During his time in the Securities Division,Mike oversaw the development of new products and the coordination of structuring efforts across product areas, including Equities, Interest Rates, Credit Products,Currencies, Commodities, and Municipals.He was co-head of the Municipal Structured Products business and responsible for derivative marketing to North American insurance companies, banks, agencies,pension funds, hedge funds and mutual funds. Mike first joined Goldman Sachs in 1986, rejoined the firm as a managing director in 2000 and was named partner in 2012. Prior to rejoining the firm, Mike spent four years at General Reinsurance, where he was responsible for North American marketing for the General Re Financial Products subsidiary, working closely with General Re’s insurance clients.

Adam Winn

Executive Managing Director, Co-Head of Global Private Investments

Adam Winn is co-head of Global Private Investments (GPI) and a member of Liberty Mutual Investments (LMI) Executive Team. Adam oversees the strategy and day-to-day business of LMI’s private investment platforms which span private equity, venture capital, private credit, real estate, distressed and energy transition. He serves as a member of multiple firmwide investment committees. He is also charged with driving innovation and partnerships efforts for LMI more broadly.

Prior to joining LMI, Adam spent over a decade at Goldman Sachs where he led the Cross Asset Solutions Group in the Securities Division. Adam and his team were responsible for structuring investment and financing solutions for institutions.

Adam lives with his wife, three children and dog outside of Boston. He is an active member of the community including as a board member of the YMCA of Greater Boston.

* indicates SEO Alumnus

** indicates SEO Board Member