Stewart Foley Launches Advisory Firm For New Insurance Asset Managers

EVANSTON, Ill. - Nov. 18, 2013 - PRLog -- Stewart J. Foley, CFA, an insurance asset management professional for the past 20 years, announced that he has established Insurance AUM LLC, an advisory firm that helps investment managers entering the multi-trillion dollar market for the first time.

“Insurance companies are required to put a strong focus on money management, and they frequently outsource segments of their portfolios to third-party managers with special expertise. My new company, Insurance AUM, can provide entrants to this field with the essential tools to win and retain clients,” Foley stated.

Insurance AUM is located in Evanston, IL, close to Lake Forest College where Foley will continue to lecture in finance in addition to leading his Insurance AUM initiative.

Foley’s prior experience in the field of insurance asset management includes AAM of Chicago, IL, and GR-NEAM of Hartford, CT, two top-ranked insurance asset managers. Most recently, he was head of US insurance advisory for P-Solve Meridian, a unit of UK-based Punter Southall Group. With these firms, he managed a total of more than $25 billion of insurance general account insurance company assets in the US, London and Bermuda markets.

Foley graduated with Honors from the University of Missouri with a BSBA in Finance, received an MBA from the University of Chicago’s Booth School of Business and is a CFA Charterholder.

Note: A general account is an insurance company’s central investment account which consists of assets that back the cash accumulations of policyholders and surplus.