NEW YORK--(BUSINESS WIRE)--Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today that it was selected by Assurant, Inc. (NYSE: AIZ) — a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases — to manage a $6 billion tranche of Assurant’s general account.
“We are very excited to have the opportunity to work alongside Assurant’s management team to ensure we help them meet their long-term investment needs and objectives,” said Michael Pagano, head of Insurance Portfolio Management, Voya Investment Management. “Our expertise in asset- liability management, developing specialty asset classes that deliver long-term performance, and our history and success in managing general accounts, including our own, is core to our focus as an asset manager.”
“Voya Investment Management’s experience and expertise make them an ideal partner to manage these assets going forward,” said Richard Dziadzio, chief financial officer, Assurant.
“Serving the needs of insurance companies is in our DNA. It is an area that is not only a core competency at Voya, but one that we have grown considerably over the past several years and that we are committed to growing,” said John Simone, head of Voya Investment Management’s Insurance Solutions Group. “Ultimately, it’s our people — and the tremendous talent, insight and dedication that they bring to developing and managing fixed income investment strategies — who drive our strong performance and success. Our expertise in such asset classes as private placements, senior loans and commercial mortgage loans will provide tremendous value to Assurant.”
Assurant, Inc., is a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases. A Fortune 500 company with a presence in 21 countries, Assurant offers: mobile device solutions; extended service contracts; vehicle protection services; pre-funded funeral insurance; renters insurance; lender-placed insurance products; and other specialty products.
About Voya Investment Management
A leading, active asset management firm, Voya Investment Management manages, as of March 31, 2020, more than $210 billion for affiliated and external institutions as well as individual investors. With over 40 years of history in asset management, Voya Investment Management has the experience and resources to provide clients with investment solutions with an emphasis on equities, fixed income, and multi-asset strategies and solutions. Voya Investment Management was named in 2015, 2016, 2017, 2018 and 2019 as a “Best Places to Work” by Pensions & Investments magazine. For more information, visit voyainvestments.com. Follow Voya Investment Management on Twitter @VoyaInvestments.
Kristopher Kagel (212) 309-6568