Aviva Investors has appointed Iain Forrester to head insurance investment strategy – a move reflecting growing interest by asset managers in providing services to insurance firms.
Forrester takes up a newly created role as Aviva Investors’ head of insurance investment strategy and joins from Standard Life Investments (SLI), a firm which itself recently embarked on a plan to increase its insurance business globally.
Based in London, Forrester reports to John Dewey, head of investment strategy within Aviva Investors global investment solutions division, and he will focus on building outcome-oriented investment strategies for global insurance companies, Aviva Investors said.
At SLI, Forrester was an investment director in the insurance solutions team, and previously worked within SLI’s parent company, the insurer Standard Life, with responsibility for the investment strategy of the company’s balance sheet assets.
Earlier this year, Axa Investment Managers and Legal & General Investment Management both signalled their intentions to increase their insurance coverage as insurance firms continue to comply with Solvency II, an EU regulation for insurance firms that is expected to lead to an increase in asset management outsourcing.
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